Commercial Community Facility Condo For Sale / Located in Prime East Village / Tax Abatement
| Website: | https://www.nestseekers.com/60631 |
|---|---|
| Address: | 525 East 12th Street New York, NY 10009 |
| Cross street: | Avenue A & Avenue B |
| Floor: | Ground & Lower Level |
| Ownership: | Condo |
|---|---|
| Type: | Commercial |
| Area: | 1497 sq ft |
Financials
| Price: | $625,000 |
|---|---|
| Common charges: | $141.03 |
| Real estate tax: | $90.44 |
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
Contact
505 Park Ave, New York, NY 10022 Phone: +1212-252-8772 |
