Listed by Ariel Property Advisors
$6,950,000
524 9th Avenue
Details
Property Type Retail, Mixed Use
Sub Type Commercial
Square Footage 3,689
Units 5
Cap Rate 5.82%
NOI $404,294
Class A
Stories 4
Lot Size (SqFt) 1,115
Zoning C1-7A; HY
Retail | 5.82% CAP | 3,689 SqFt
Investment highlights
- Location: Hudson Yards / Midtown West
- Tenancy: Fully Renovated, FM Units
- Cell Tower Income:Ability to sell rights to cell tower income stream
- Corner Building Located at Ninth Avenue & 39th Street
- Strong Retail Tenancy
- Tax Class 2A
- 3 Fully Renovated 3BR/1BA Apartments
- Cell Tower adds significant income
- Ability to sell rights to cell tower income to lower basis in property
- At the gateway to Hudson Yards, benefiting from strong visibility and continued development of the area
- All free-market residential units, providing operational flexibility and insulation from regulatory risk
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$404,294.00
$33,691.17/mo
Valuation Metrics
0
DSCR
5.82%
Cap Rate
5.82%
ROI
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