Description
Currently 2 of the 5 rent stabilized units are vacant. They are directly above the free market parlor floor 2 bedroom/2 bath totally renovated unit. Therefore, an owners duplex can be created, upon lease expiration, very easily by living on the second and third floors of the building. There would still be income from 5 other units of which 3 would be stabilized.
The current gross income is $216,000 and net $144,500 after expenses when fully leased. An investor could see a 3.4% cap return on this best park block purchase.
Building Features 5 Floors8 Units
Unit Features
$3,800,000
Sold: Dec 01, 2021
-10.59% from ask / 107 Days to Sell
- Beds / 9 Baths - / - ft²
Total Monthly expenses: $4,169
Maintenance: - / R.E. Taxes $4,169
Other Details:
-
Lot Size: 19.0' x 100.67' Built: 19.0' x 57.0'
Zoning: -
Exclusively listed with: Sothebys International Realty
Michael
Sieger
michael.sieger@sothebyshomes.com
(917) 533-8599
Lars
Klingstedt
larsidol@gmail.com
(212) 579-9300
Unit listing history
Date | Status | Amount | Listed by | Owner Name | ||
---|---|---|---|---|---|---|
Loading History... |