Listed by Meridian Capital Group
$26,000,000
73-02 Roosevelt Avenue
Details
Property Type Mixed Use, Multifamily
Sub Type Storefront
Square Footage 56,799
Units 31
Cap Rate 6.10%
NOI $1,583,924
Occupancy 97%
Brand/Tenant City MD
Price per SqFt $458
Year Built 2010
Buildings 1
Stories 6
Lot Size (SqFt) 10,200
Zoning R6, C2-3 Overlay
Mixed Use | 6.10% CAP | 56,799 SqFt
Marketing description
31 RESIDENTIAL UNITS & 2 RETAIL UNITS ATTENDED 74-SPACE PARKING GARAGE
PRIME WOODSIDE LOCATION 56,799 SQ. FT. (43,118 SF ABOVE GRADE)
Investment highlights
•Six-story corner Mixed-use Condo Building
•2010 construction, approx. 56,780 square foot building (43,118 SF above grade)
•Fully occupied and cash-flowing, ideal 1031 exchange property
•421-A and ICIP Tax Abatements in place with 10-11 remaining years
•Prime Woodside location, steps to the Roosevelt Ave-74th St transit hub
Listing Contacts
Listed by Meridian Capital Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,583,924.00
$131,993.67/mo
Valuation Metrics
0
DSCR
6.09%
Cap Rate
6.09%
ROI
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