1 Apt is vacant and 5 leases will expire by 1/31/2014.Move in and Convert to Single Family Market Rate.Classic 25 foot wide 6 Family Rent Stabilized townhouse. 4,893 SQFT of additional buidable air rights.Income:Rent Roll:1 studio and 5 one bedrooms. Unit 1 $1025 - Renovated Studio (tenacy 2 years),Unit 2 $680.28 - 1 bedroom (tenancy 8 years),Unit 3 $955 - 1 bedroom (tenancy 2 years),Unit 4 $743 -1 bedroom (tenacy 5 years),Unit 5 $1050 -1 bedroom (new tenant 3-months),Unit 6 $790 - 1 bedroom (tenacy over 1o years).Total Rent Roll: $5,243 per month, $62,919.36 per year.Expenses:Taxes: $6,614, Insurance: $3,000,Utilities $1,200,Heating Oil $4,000-$6,000,Water/Sewer $2,400.Total Expenses: $16,841.Net Income: $46,078.36.Building Specifications:Building dimensions 25 ft x 74 ft,Building SF 3,412,Lot dimensions 25 ft x 99.92 ftLot SF 2,498,Stories 2,Residential units 6,Year built 1920,Max allowed FAR 3.44,FAR as built 1.37,Maximum usable floor area 8,593,Schedule an appointment today with Elaine Perry at 917 841-3230. 24-48 hours notice required.
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.
