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Listing Courtesy of Compass
$ 5,500,000
Est. payment | /mo
20 Beds
12 Baths
10,116 SqFt
$ 5,500,000
Est. payment | /mo
20 Beds
12 Baths
10,116 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,116 sqft
Price per Sqft $543
Subdivision East Village
MLS Listing ID RLS20022574
Style Walk-Up
Bedrooms 20
HOA Y/N Yes
Year Built 1910
Annual Tax Amount $113,340
Property Sub-Type Multi Family
Property Description
This well-maintained 12-unit building stands as a testament to diligent upkeep, with key structural and mechanical systems such as the façade, parapet, gas lines, roofing, and lead compliance all thoroughly maintained. All major components are current, minimizing deferred maintenance.
The 12 units, while similar in size, offer a variety of 1-, 2-, and 3-bedroom layouts, appealing to a diverse tenant population and allowing for rental flexibility. Recently, four free-market apartments have been upgraded with in-unit washer/dryers, adding convenience for tenants and enhancing rental value.
The pro forma Net Operating Income (NOI) is dependable, derived from conservative projections for increases in free-market unit rents and confirmed rental growth for rent-stabilized apartments. With full occupancy, no arrears, and no outstanding issues, this property represents a turnkey investment opportunity.
The 12 units, while similar in size, offer a variety of 1-, 2-, and 3-bedroom layouts, appealing to a diverse tenant population and allowing for rental flexibility. Recently, four free-market apartments have been upgraded with in-unit washer/dryers, adding convenience for tenants and enhancing rental value.
The pro forma Net Operating Income (NOI) is dependable, derived from conservative projections for increases in free-market unit rents and confirmed rental growth for rent-stabilized apartments. With full occupancy, no arrears, and no outstanding issues, this property represents a turnkey investment opportunity.
Location
Rooms
Basement Crawl Space, Full
Interior
Interior Features High Ceilings
Heating Central
Cooling Other
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher
Laundry In Unit, See Remarks
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 5
New Construction No
Others
Ownership None
Monthly Total Fees $9, 445
Pets Allowed Building No, No
RLS Data display by eXp Realty