Ten-story mixed-use elevator building built in 2009
29 residential lofts with 20' ceilings — all fully occupied (6 affordable units)
8,300 SF commercial unit with elevator — half recently leased for $14,000/month to a high end gym
3 levels of parking with 60 spots generating monthly income
Potential to add 6,985 SF of parking on the second-floor roof
Includes cellar storage and a loading dock
421a tax exemption in place until July 2038
Building measures 77,664 SF on a 96.08' x 183.33' lot
Current gross annual income: $2,170,641.
Current net annual income: ~$1,875,569.
Legal residential rent roll: $1,401,975/year (as per 2025 DHCR)
Projected total gross income with full commercial lease: ~$2,352,375.
Actual cap rate: 7.98%
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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