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11365292

1882 Park Ave, New York, NY 10035

Highcap Group
Listed by Highcap Group
$1,900,000
1113 days on market
Updated 121 days ago
Opportunity zone

3 STORY INDUSTRIAL BUILDING | DELIVERED VACANT | M1-6/R9

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 4,655
Cap Rate 6.99%
NOI $132,717
Tenancy Vacant
Lease Type Modified
Price per SqFt $408
Class A
Stories 3
Lot Size (SqFt) 1,680
Zoning M1-6/R9
Ceiling Height 12'

Unique Industrial-Commercial Building with Drive in Door in Manhattan

Marketing description

EAST HARLEM | USER/DEVELOPMENT/REPOSITION OPPORTUNITY | 3 STORY COMMERCIAL BUILDING | DELIVERED VACANT

· 3,990 SF 3-Story Commercial Building with 665 SF below grade

· 11’-12’ Ceiling throughout of building

· Ground Floor – Garage/Industrial with Driving Door

· 2nd and 3rd Floors are offices

· 10,400 BSF Residential

· 13,830 BSF Commercial

· 20’ Frontage

· Zoning M1-6/R9

· Delivered Vacant

· Recently renovated, upgraded electrical and mechanical system, HVIC, video surveillance and hardwood floors.

Floor plans upon request

Investment highlights

EAST HARLEM | USER/DEVELOPMENT/REPOSITION OPPORTUNITY | 3 STORY COMMERCIAL BUILDING | DELIVERED VACANT

· 3,990 SF 3-Story Commercial Building with with 665 SF below grade

· 11’-12’ Ceiling throughout of building

· Ground Floor – Garage/Industrial with Driving Door

· 2nd and 3rd Floors are offices

· 10,400 BSF Residential

· 13,830 BSF Commercial

· 20’ Frontage

· Zoning M1-6/R9

· Delivered Vacant

· Recently renovated, upgraded electrical and mechanical system, HVIC, video surveillance and hardwood floors.

Floor plans upon request

Listing Contacts

Highcap Group
Listed by Highcap Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$132,717.00
$11,059.75/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

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