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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
23166731
23166732

85 Pitt Street, New York, NY 10002

KV
109918089
Brown Harris Stevens
Listed by Brown Harris Stevens
$10,900,000
401 days on market
Updated 47 days ago
Opportunity zone

85-87 Pitt Street

Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 12,000
Units 21
Cap Rate 4.80%
NOI $628,009
Occupancy 100%
Class A
Stories 6
Lot Size (SqFt) 3,000
Zoning R7A
Investment Type Value Add
Occupancy Date 04/29/2025
Ownership LOCAL

Mixed Use | 4.80% CAP | 12,000 SqFt

Marketing description

A 50’ wide 21 unit six (6) story renovated mixed- use building. The building has two stores on the ground floor and twenty-one apartments above. Each floor has four apartments they are a mixture of one and two bedroom units. Each unit is individually metered, the tenants pay their own electric and gas for cooking. New Laundry room, intercom system, new gas boiler, new courtyard and common areas. The property is also in a opportunity zone which has big capital gains benefits.

This is a prime investment opportunity because the units are free market with upside potential. Since the building is renovated an investor will save on capital improvements. The building is close to Delancey Street which has all the fine retail stores.

Listing Contacts

KV
109918089
Brown Harris Stevens
Listed by Brown Harris Stevens

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$628,009.00
$52,334.08/mo

Valuation Metrics

0
DSCR
5.76%
Cap Rate
5.76%
ROI

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