Heart of Chelsea..Multi Family-Mixed Use..Great Investment Opportunity

    Dvir Atias
    Licensed Associate Real Estate Broker
    Mobile: 917.547.2246
    415 Madison Avenue New York, NY 10017
    Phone: 212-252-8772
    Fax: 212-252-9347


    202 8th Avenue
    New York NY 10011


    Ownership: Multi-Family
    Type: Townhouse
    Area: 6200 sq ft


    Price: Available upon request


    Mixed Use Building with a Commercial Tenant in place paying $27,583 a month with a 3% annual increase until 2026 years with a personal guarantee for the entire amount for the whole term with a confession of judgement on the personal guarantee. The commercial restaurant tenant (INTERMEZZO) has been in business since 1990 and the present operator has been operating for the past 6 years and also operates 10 other restaurants. He also pays 50% of the increase of real estate tax of the base year. There are a total of eight one bedroom rent stabilized apartments. The total yearly expenses are $80,500 with an annual rent roll of $412,000 ( 3.7% Cap Rate )


    More listings: Chelsea

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