Description

Rare Boutique Multi-Home Investment Opportunity in Gramercy - located on a Charming Tree-Lined Block.
Well Maintained Boutique Building for Sale
Approximately 3.5% CAP RATE
SETUP SHEET UPON REQUEST
8 Residential Units (10 beds/8 baths) - 3 Free Market units and 5 stabilized
6 large studios and two 2 bedroom duplexes, one with private balcony
100% Occupied Shared Rooftop Terrace, Backyard + Basement
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Average unit Size: 525 sqft
Non Landmarked
UnusedFAR: 1,207
Transportation: less than 0.5 miles away Union Square & L, N, Q, R, 4, 5, 6, W, Ferry
Zoning District: R7B, C1-6A (option for commercial/retail ground floor)
Cap Rate: APPROX 3.5%
Lot size: 20ft x 92ft
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Building Features 4 Floors7 Units

intercom
courtyard
roofdeck

Unit Features

Pet Policy: No pets

$2,500,000 / $595 per ft²

Sold: Oct 14, 2021

-27.54% from ask / 127 Days to Sell

10 Beds / 8 Baths - / 4,196 ft²

Total Monthly expenses: $3,680

Maintenance: - / R.E. Taxes $3,680

Other Details:

-

Lot Size: 19.58' x 92.0' Built: 20.0' x 70.0'

Zoning: -

Exclusively listed with: Halstead dba Brown Harris Stevens Residential Sales LLC

Amara M
Fish

afish@bhsusa.com

(212) 381-3266

David
Bibian

david.bibian@bhsusa.com

(212) 381-3269

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC View Listing

Unit listing history

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