Investment property and opportunity for those looking to do a 1031 exchange. We offer you a (6) stories, elevator apartment building consisting of 22 apartments, built in 2015. The income potential is still unknown at this time. Rental units in this areas compared to midtown Manhattan gives a tenant a cheaper option and more space for their money, at the same time easy commute to work. Building size and lot dimension are as follow: 59 X 100 is the lot size, and 50 X 69 is the building size. Tax assessment as follow: 25 Year 421a Tax abatement through June 2037. You will not find a better deal this year. Currently there are 14 stabilized units and 8 vacant units. Gross income $732,180.00 and Operating income $119,953 giving you a 6% cap rate. Please send email to request a setup. Fortitude1412
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
