Rare opportunity to acquire 10 newly finished studio apartments, each with its own individual HVAC system, modern kitchen with stainless steel appliances, quartz countertops, and stylish bathrooms.
| Website: | https://www.nestseekers.com/5359921 |
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| Address: | New York, NY 10462 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Lot Size: | 0.1 Acres |
Financials
Description
Rare opportunity to acquire 10 newly finished studio apartments, each with its own individual HVAC system, modern kitchen with stainless steel appliances, quartz countertops, and stylish bathrooms. Bright, open layouts maximize natural light and feature high-quality finishes throughout, providing move-in-ready comfort and long-term appeal.
Currently fully vacant, these units offer investors a turnkey opportunity with strong rental potential. At full occupancy, projected gross income is $24,040/month ($288,480/year), resulting in a potential market capitalization (cap rate) of ~8.2% at the asking price of $3.2M.
Amenities
- Cable - Available
- Electricity Connected
- Phone Available
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505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
Fax: +1 212-252-9347
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| Listing Courtesy of Metro Scape Realty LLC | |
