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!!! 5.21 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27.
Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27.
Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26.
Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26.
Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27.
Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26.
Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26.
Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27.
Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26.
Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26.
Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26.
Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26.
Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27.
Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28.
Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26.
Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26.
Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26.
Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27.
Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27.
Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28.
Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25.
Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26.
Gross Income: $592,517.76 Ann.
Expenses:
Fuel: $8,106.39 Ann.
Electric: $1,432.96 Ann.
Water & Sewer: $8,525.84 Ann.
Insurance: $11,463.61 Ann.
Maintenance & Repairs: $13,182.29 Ann.
Taxes: $128,695.85 Ann.
Total Expense: $171,406.94 Ann.
Net Operating Income (NOI): $421,110.82 Ann. (5.21% Cap!!!)
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.