Listed by Alpha Realty NY
$7,800,000
148 East 98th Street
Details
APN 01625-0046
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,000
Units 11
Cap Rate 5.10%
NOI $401,646
Price per SqFt $709
Stories 6
Zoning R7-2
Ownership fee simple
Multifamily | 5.00% CAP | 11 Units
Marketing description
Between 3rd Avenue & Lexington Avenue Six-Story Elevator Building | 11 Apartments & Community Facility | 11,000 SF
Investment highlights
- 6-story elevator building with a total of 11 apartments and a community facility approximately 11,000 SF
- Seller financing available at 4.5% interest-only, 60% LTV, 36-month term
- Fully-approved condo plan in effect, to be delivered with 12 separate deeds
- All units are large, with high-end finishes, terraces, and balconies
- Within walking distance of the 96th Street subway stations ( trains)
- Rent Roll available upon request
- Seller Financing Available at 4.5% interest-only, 60% LTV 36-month term
- Neighborhood: Carnegie Hill/UES
- Block/Lot 01625-0046
- Lot Size: 25’ X 100.92’
- Building Size: 25’ X 66’
- Building SF: 11,000 SF
- Building Type: 6-Story/Elevator
- Total Apartments: 11
- Layouts: 11/3
- Total Rooms: 33
- Total Commercial: 1
- Zoning: R7-2
- FAR (built/allowed): 3.92/3.44
- Taxes (25/26): $133,313
- HPD Violations: 2/A, 3/B, 1/C
Listing Contacts
Listed by Alpha Realty NY
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$401,646.00
$33,470.50/mo
Valuation Metrics
0
DSCR
5.15%
Cap Rate
5.15%
ROI
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