Building for Sale - Upper East Side

Sold
Howard Henzel
Lic. R.E. Salesperson| International Property Specialist
Mobile: 917.836.8272

Location

East 98th Street
New York NY 10029
Cross street:Park Ave

Property

Ownership: Building with units for sale/rent
Type: Brownstone
Pets: Unknown
Area: 9000 sq ft
Lot Size: 2500 sq ft

Financials

Price: $5,150,000

Description

Upper East Side Residential Building for Sale!


http://www.nestseekers.com/35542/uppereastside-upper-east-side-residential-building-for-sale

Great for investment! - CONTRACT OUT!

Five Story Walk-up residential building containing 10 residential apartments.

The building contains a new gas fired central hot water heating system.

Building was gut renovated in 2002 and has all new electric, plumbing, roof and paneled lobby.

Tenants pay electric (including AC).

Laundry Room and Garbage Room are located in common area of the basement for Tenants use.

The building is located two blocks from Central Park and two blocks from the 96th Street Subway (6 subway line).

$4,000,000 (all cash over existing Mortgage)

Interest Rate:               4.25%
Term:                             5 year w/5 Year Option
Amortization:               30 Year Schedule
Building Size:                9,000 gross square feet
Gross Income:              $269,556
Operating Expenses:   $74,087 (includes Vacancy)
Real Estate Taxes:        $27,900


Howard Henzel
Vice President
Nestseekers International
Manhattan • LIC • Brooklyn • Miami • Hamptons • International
Cell: 917.836.8272
howardh@nestseekers.com
 
http://www.nestseekers.com/agent/howard-henzel

http://www.nestseekers.com/agent/commercial-properties

Referrals are appreciated!

Neighborhood

More listings: Upper East Side

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.