
Listed by Brown Harris Stevens
$3,300,000
205 Henry Street
Details
Property Type Mixed Use
Sub Type 3
Square Footage 4,874
Units 4
Cap Rate 9.56%
NOI $315,336
Tenancy Vacant
Pro-Forma Cap Rate 9.56%
Pro-Forma NOI $315,336
Price per SqFt $677
Class B
Year Built 2022
Buildings 1
Stories 3
Lot Size (SqFt) 2,088
Zoning R7-2 (3.44) with a C1-5 Overlay (2.0)
Investment Type Owner/User
Ownership LOCAL
Mixed Use | 9.56% CAP | 4,874 SF
Marketing description
A 24’ wide three story mixed-use building with approve plans for a six story 10 unit condo mixed-use building. The first floor is community facility space. Floors two through six each have two units per floor; they are all one-bedroom apartments. The six floor will also have a mezzanine space. This is a prime development opportunity because the project is half-complete. The foundation and basement is built, all the plans, permits comes along with the property. The developer is saving time and money with this development opportunity.
The zoning allows a building with two floors of commercial and the upper floors can be residential. The property can also be a fully residential building.
The site is also a great user opportunity; a user can have their store or office on the ground floor. The first floor can be converted into parking space since the property has a curb cut. They can have an office on the second floor, live on the third & fourth floors and rent out the other two floors. Please email me for the approve plans.
Investment highlights
Projected Net Operating Income: $315,336.4 CAP RATE: 9.6%
ASKING PRICE: $3,300,000
OR $375 PER BUILDABLE SQUARE FOOT
For Further Information or Inspection, Please Contact Sales Agent:
Kervin Vales (212) 396-8244
Listing Contacts

Listed by Brown Harris Stevens
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$315,336.00
$26,278.00/mo
Valuation Metrics
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DSCR
9.56%
Cap Rate
9.56%
ROI
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