525 East 12th StreetNew York, NY 10009
| Cross street: | Avenue A & Avenue B |
|---|---|
| Floor: | Ground & Lower Level |
Property
| Ownership: | Condo |
|---|---|
| Type: | Commercial |
| Area: | 1497 sq ft |
FinancialsPrice: $625,000 Common charges: $141.03 Real estate tax: $90.44
| Price: | $625,000 |
|---|---|
| Common charges: | $141.03 |
| Real estate tax: | $90.44 |
505 Park Ave, New York, NY 10022 Phone: +1212-252-8772 |
Description
Nest Seekers International has been retained on an exclusive basis to sell the Commercial Community Facility Condo #CF at 525 East 12th Street New York, NY which is currently being occupied on a Month to Month basis. The existing tenant has occupied the space for approximately 1.5 years thus far, currently paying $7,500/month and would occupy the space until the summer of 2014.
Specs:
Current N.O.I. approx. $80,000 - $85,000/annum
12% Cap at current rental rate. (Tenant is paying above market rate). At current market rate,Cap is 6%
Approx. 267.6 Sq Ft on Ground
Approx.1230.9 Sq Ft Lower Level
Glass Frontage / Great Branding
$625,000
Common Charges $141.03
10 year Tax Abatement which commenced in Feb. of 2009.
Current Taxes are approx. $90.44/month
Located at the base of a gorgeous recently constructed Condominium Development
*Brokers Welcome
Amenities- Investment Property
- Multi-Level
Neighborhood
Nest Seekers International has been retained on an exclusive basis to sell the Commercial Community Facility Condo #CF at 525 East 12th Street New York, NY which is currently being occupied on a Month to Month basis. The existing tenant has occupied the space for approximately 1.5 years thus far, currently paying $7,500/month and would occupy the space until the summer of 2014.
Specs:
Current N.O.I. approx. $80,000 - $85,000/annum
12% Cap at current rental rate. (Tenant is paying above market rate). At current market rate,Cap is 6%
Approx. 267.6 Sq Ft on Ground
Approx.1230.9 Sq Ft Lower Level
Glass Frontage / Great Branding
$625,000
Common Charges $141.03
10 year Tax Abatement which commenced in Feb. of 2009.
Current Taxes are approx. $90.44/month
Located at the base of a gorgeous recently constructed Condominium Development
*Brokers Welcome
- Investment Property
- Multi-Level
Neighborhood
Commercial Community Facility Condo For Sale / Located in Prime East Village / Tax Abatement
Description
Nest Seekers International has been retained on an exclusive basis to sell the Commercial Community Facility Condo #CF at 525 East 12th Street New York, NY which is currently being occupied on a Month to Month basis. The existing tenant has occupied the space for approximately 1.5 years thus far, currently paying $7,500/month and would occupy the space until the summer of 2014.
Specs:
Current N.O.I. approx. $80,000 - $85,000/annum
12% Cap at current rental rate. (Tenant is paying above market rate). At current market rate,Cap is 6%
Approx. 267.6 Sq Ft on Ground
Approx.1230.9 Sq Ft Lower Level
Glass Frontage / Great Branding
$625,000
Common Charges $141.03
10 year Tax Abatement which commenced in Feb. of 2009.
Current Taxes are approx. $90.44/month
Located at the base of a gorgeous recently constructed Condominium Development
*Brokers Welcome
Amenities- Investment Property
- Multi-Level
Neighborhood
Nest Seekers International has been retained on an exclusive basis to sell the Commercial Community Facility Condo #CF at 525 East 12th Street New York, NY which is currently being occupied on a Month to Month basis. The existing tenant has occupied the space for approximately 1.5 years thus far, currently paying $7,500/month and would occupy the space until the summer of 2014.
Specs:
Current N.O.I. approx. $80,000 - $85,000/annum
12% Cap at current rental rate. (Tenant is paying above market rate). At current market rate,Cap is 6%
Approx. 267.6 Sq Ft on Ground
Approx.1230.9 Sq Ft Lower Level
Glass Frontage / Great Branding
$625,000
Common Charges $141.03
10 year Tax Abatement which commenced in Feb. of 2009.
Current Taxes are approx. $90.44/month
Located at the base of a gorgeous recently constructed Condominium Development
*Brokers Welcome
- Investment Property
- Multi-Level
Neighborhood
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.