Manhattan Residential Building for Sale
http://www.nestseekers.com/38782/harlem-manhattan-5-story-residential-building-for-saleGreat for investment. Tax Breaks
Five Story Manhattan Walk-up residential building containing 14 residential apartments.
The building contains a new gas fired central hot water heating system.
Building was gut renovated in 2007 and has all new electric, plumbing, roof and paneled lobby.
Tenants pay electric (including AC).
Laundry Room,Garbage Room and 6 Storage Rooms are located in common area of the basement for Tenants use.
The building is located one block from Morningside Park Park and three blocks from the 116th Street Subway (B & C).
$4,500,000 (all cash over existing Mortgage)
Existing Mortgage $1,633,000
Interest Rate: 4.25%
Term: 4 Years Due 02/2016
Amortization: 30 Year Schedule - Capital One Bank
Building Size: 12,000 gross square feet
Gross Income: $329,940
Operating Expenses: $57,730
Real Estate Taxes: $51,205
Net Operating Income $221.005
Howard Henzel
Vice President
Nestseekers International
Manhattan • LIC • Brooklyn • Miami • Hamptons • International
Cell: 917.836.8272
howardh@nestseekers.com
http://www.nestseekers.com/
http://www.nestseekers.com/
Referrals are appreciated!
