Listed by Mega Realty Group
$2,295,000
8th Ave Mixed use
Details
Property Type Mixed Use
Sub Type Mixed use
Square Footage 7,005
Units 10
Cap Rate 8.06%
NOI $185,025
Tenancy Multi
Pro-Forma NOI $225,000
Buildings 1
Lot Size (SqFt) 1,500
Investment Type Value Add
Ground Lease No
Ownership fee simple
Mixed Use | 8.06% CAP | 7,005 SqFt
Marketing description
Seller is very motivated to sell and will entertain all reasonable offers!
A corner Harlem mixed use building consists of 7 residential units and 2 retail units.
Excellent location with a lot of upsides.
Almost 45 % of gross income is derived from commercial units.
3. Close to several colleges, including Columbia University, Manhattan School of Music, and the City College of New York.
4. Air rights.
5. lot of upsides!
Investment highlights
Great exposure.
Upsides
Value add building
Listing Contacts
Listed by Mega Realty Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,025.00
$15,418.75/mo
Valuation Metrics
0
DSCR
8.06%
Cap Rate
8.06%
ROI
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