Available For Sale - Office

19,158 SF | Show Pricing $

AVAILABILITY DETAILS

Size
19,158 SF
Price/SF
Show Pricing $
Listing ID
SA453654
Notes
41% Price Drop. Qualified Opportunity Zone 25 Family PreWar Elevator Art Deco Apartment building



DETAILS



Asking Price $4,025,000

Property Type Multifamily

Subtype Apartment Building

Class B

Square Footage 19,158

Net Rentable (sq ft) 19,158

Price/Sq Ft $210.09

Cap Rate 5.74%

Pro-Forma Cap Rate 6.76%

Occupancy 100%



NOI $230,936

Pro-Forma NOI $272,073

Units 25

Average Rent/Unit $1,429

Year Built 1937

Buildings 1

Stories 6

Permitted Zoning R7-1

Lot Size (sq ft) 4,750

Price/Unit $161,000



Investment Highlights

​ Beautiful High Decorative Ceilings, Hallways and Tiled floors.

​ New Wooden floors in renovated Apartments.

​ Dual Gas/ Oil Boiler and Burner.

​ Individual Gas and Electric Meters for each Apartment

​ Near the B, D, and #4 subway as well as MTA buses.

​ Security Cameras Throughout.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Andrew Lichtenstein, Lichtenstein RE