Building for Sale - Upper East Side

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!