Property
| Ownership: | For Sale |
|---|---|
| Type: | Duplex |
| Bedrooms: | 8 BR |
| Bathrooms: | 7 |
| Pets: | Pets No |
Financials
Description4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.2 - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome.
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Amenities- Eat-in Kitchen
- Electricity Connected
- Wall of Windows
4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.2 - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome. Hide
- Eat-in Kitchen
- Electricity Connected
- Wall of Windows
4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill Description 7 Residential Units 1 Commercial Property size 19 x 99 Building 18 53.
Description4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.2 - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome.
Hide
Amenities- Eat-in Kitchen
- Electricity Connected
- Wall of Windows
4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.2 - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome. Hide
- Eat-in Kitchen
- Electricity Connected
- Wall of Windows
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.
