Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | Studio |
| Pets: | Pets No |
| Lot Size: | 0.05 Acres |
Financials
Listing Courtesy of Winzone Realty Inc
DescriptionCurrent Configuration: 4 Residential Units + 1 Retail Storefront
Annual Gross Income: $465,000
2024 Property Taxes: Only $96,000
Lot Size: 20×100.42ft
Building Footprint: 20×50ft (approx. 3,540SF, 3 stories)
Development & Upside Potential
Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay
• Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12,000SF)
• C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02)
Buildable Area: Over 12,000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion.
Key Highlights
• Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use
• Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income
• Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning
• Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment
Current Configuration: 4 Residential Units + 1 Retail Storefront
Annual Gross Income: $465,000
2024 Property Taxes: Only $96,000
Lot Size: 20×100.42ft
Building Footprint: 20×50ft (approx. 3,540SF, 3 stories)
Development & Upside Potential
Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay
• Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12,000SF)
• C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02)
Buildable Area: Over 12,000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion.
Key Highlights
• Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use
• Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income
• Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning
• Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment
Current Configuration 4 Residential Units 1 Retail Storefront Annual Gross Income 465, 000 2024 Property Taxes Only 96, 000 Lot Size 20 100.
- View of property
- Kitchen featuring appliances with stainless steel finishes, decorative backsplash, and white cabinetry
- Kitchen with stainless steel stove, tasteful backsplash, white cabinetry, and freestanding refrigerator
- Living room featuring light wood finished floors, a barn door, and track lighting
- Living area featuring wood finished floors and a barn door
- Home office with plenty of natural light and light wood-style floors
- Living area featuring rail lighting and wood-type flooring
- Living area featuring a wall mounted air conditioner and wood finished floors
- Living room featuring an AC wall unit
- Bathroom with vanity and shower / bath combo with shower curtain
- Bedroom featuring wood finished floors and a closet
- Bedroom with wood finished floors and baseboards
- Bedroom featuring light wood finished floors
- Living area featuring wood finished floors
- Living area with a wall unit AC and wood finished floors
- Kitchen with appliances with stainless steel finishes, white cabinetry, backsplash, and dark countertops
- Kitchen with appliances with stainless steel finishes, white cabinets, and decorative backsplash
- Bathroom with tile walls, shower / bath combo with shower curtain, and vanity
- Bathroom featuring vanity, shower / tub combo, tile walls, tile patterned flooring, and a wainscoted wall
- Bedroom featuring wood finished floors
- Bedroom with a wall mounted air conditioner, a textured ceiling, and light wood-style flooring
- Bedroom with a wall mounted air conditioner, a textured ceiling, and wood finished floors
- View of building exterior featuring entry steps
- View of street
- View of asphalt road featuring sidewalks, street lights, curbs, and stairs
- View of asphalt road with sidewalks, stairway, a city view, curbs, and street lights
- View of property with a city view
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DescriptionCurrent Configuration: 4 Residential Units + 1 Retail Storefront
Annual Gross Income: $465,000
2024 Property Taxes: Only $96,000
Lot Size: 20×100.42ft
Building Footprint: 20×50ft (approx. 3,540SF, 3 stories)
Development & Upside Potential
Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay
• Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12,000SF)
• C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02)
Buildable Area: Over 12,000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion.
Key Highlights
• Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use
• Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income
• Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning
• Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment
Current Configuration: 4 Residential Units + 1 Retail Storefront
Annual Gross Income: $465,000
2024 Property Taxes: Only $96,000
Lot Size: 20×100.42ft
Building Footprint: 20×50ft (approx. 3,540SF, 3 stories)
Development & Upside Potential
Zoning: R8 (High-Density Residential) with C1-5 Commercial Overlay
• Residential FAR up to 6.02 under R8 zoning – allows building ~6× the lot area (~12,000SF)
• C1-5 overlay Commercial FAR of 2.0 within R8, equating to combined FAR equal to the higher of the two (6.02)
Buildable Area: Over 12,000SF of potential space – ideal for expansion, redevelopment, or mixed-use conversion.
Key Highlights
• Turn-key income: Immediate cash flow with long-term tenants (+ retail), plus two vacant units for flexible use
• Tax-efficient ownership: Annual tax burden only ~$96K, low compared to income
• Transferrable development rights: Rare Manhattan plot with substantial upside under current zoning
• Midtown core location: Minutes from Broadway, Times Square, transit, dining, and entertainment
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.
