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Manhattan 5 Story Residential Building for Sale

Web ID 38782

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Howard Henzel
Vice President Residential/Commercial/International
Phone: 646.443.3767
Mobile: 917.836.8272
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Manhattan 5 Story Residential Building for Sale

W 119th St
New York NY 10026


Manhattan Residential Building for Sale

http://www.nestseekers.com/38782/harlem-manhattan-5-story-residential-building-for-sale

Great 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/agent/howard-henzel

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

Referrals are appreciated!
Amenities
  • Investment Property
Price: $6,123,000

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Property
Ownership:For Sale
Type:Low-rise
Pets:Pets Allowed


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.

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