Middle Village Diverse Real Estate We do it right
George Block

Midtown East (New York City, New York, US - 10019)
MLS® $25,000,000 Reduced




 

Diverse Real Estate


George Block
 
George Block
Email George
 
Phone: (718) 669-7007
Cell: (917) 478-4225
 
Details

Type: Commercial Style: Apartment Building Size: 13,725 sq. ft. Lot Type: Rectangular
 
Description

Two six story Walk-up Rental For Sale Located Midtown East Manhattan
New Awning, New Lighting, Marble Lobbies, New Roof, All system upgraded.
Total apartments: 59
Vacant: 53
Occcupied: 6
All six are Rent Stabilized and Rent control

19 2BR, 29 1BR, 11 Studios, 1 commercial space
Basement
13,866 SF additional Air Rights
Built : 1910

Frontage Facing Park 74 Ft
Total Proforma Income: $2,321,438
Total expense: $ 176,819
Net Income: $ 2,144,619
CAP Rate : 7.2%
Asking Price 25,500,000





 
Brokered and Advertised by:   Real Estate Advisory Company P2#1863571
 

Information is deemed to be correct but not guaranteed.