Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | Studio |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of All Island Estates Realty Corp
Calling All Investors, Developers, amp ; End Users !






















Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Manhattan For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B/R7A/C1-5 Zoning, 8 Free Market Apartments, High 8’ Ceilings, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of New York City Between 2nd Ave. & 3rd Ave. Only 6 Blocks From The FDR Drive!!! Neighbors Include Chase Bank, Citibank, Bank of America, NYU Langone, USPS, UPS, WholeFoods, Target, Best Buy, Staples, Walgreens, Ace Hardware, Trader Joe’s, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Tokyo Mama: $85,842.72 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30.
Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27.
Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26.
Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28.
Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27.
Apt. 5: $47,400 Ann.; Lease Exp.: 7/31/26.
Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26.
Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26.
Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26.
Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26.
Apt. 10: $12,000.60 Ann.
Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27.
Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28.
Gross Income: $544,902.12 Ann.
Expenses:
Fuel: $11,169.24 Ann.
Electric: $1,297.16 Ann.
Water & Sewer: $12,247.78 Ann.
Insurance: $11,428 Ann.
Maintenance & Repairs: $11,431.02 Ann.
Taxes: $107,350.14 Ann.
Total Expense: $154,923.35 Ann.
Net Operating Income (NOI): $389,978.77 Ann.
Amenities
- Electricity Connected

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.