718-720 10th Ave NYC
Midtown West Two Buildings Portfolio
Marketing description
718-720 Tenth Avenue contains two four-story mixed-use buildings consisting of six full floor free market apartments and three retail units. Both buildings may deliver the residential units vacant at closing, giving an investor the opportunity to redevelop and/or reconfigure these units immediately. Zoned R8, C2-5, the lotdimensionsare 20.08 ft. x 64 ft. and the building dimensions are 20 ft. x 50 ft. on all floors.
718 & 720 10th Ave. had a complete gut renovation in 1995-1996 and residential units are all electric.Each apartment is independent with its own hot water heater and heating and cooling units. The buildings do not have a boiler or central hot water tank. Tenants each pay for their own utilities. New water mains were also installed at that time.Current backflow preventers and RPZ values are in both buildings. Buildings are partially sprinklered and allcode compliant. Roofs are maintained and in excellent condition.
The property is steps from Times Square, the Jacob Javits Center and the Port Authority Bus Terminal which includes access to the A, C and E subway lines. Thisopportunity is also located on the border of the city’s new Hudson Yards transformation.
40 Feet of Frontage on Tenth Avenue. 7,159 Square Feet of as of right Air Rights. Additional air rights available through the city's affordability development program.
Steps from Times Square, Port Authority Terminal (which includes the
Across the Street from the newly constructed 114,000 SF residential building for actors and artists.
Investment highlights
- Two Four-Story Mixed-Use Buildings in Prime Midtown West.
- Gut renovated in 1996. New beams and columns.
- 40 Feet of Frontage on Tenth Avenue.
- 7,159 Square Feet of as of right Air Rights. Additional air rights available through the city's affordability development program.
- Steps from Times Square, Port Authority Terminal (which includes the
- Across the Street from the newly constructed 114,000 SF residential building for actors and artists.
- 718 and 720 10th Ave. are built full to the lot line while 716 10th Ave is built 20 ft. by 50 ft. All residential units are built 20.08 ft. by 50 ft. There are over 15,000 Sf of
- additional air-rights associated with the portfolio.
- 718 & 720 10th Ave. had a complete gut renovation in 1995-1996 and are all electric.
- Each apartment is independent with its own hot water heater and heating and cooling units. The buildings do not have a boiler or central hot water tank.
- Tenants each pay for their own utilities. New water mains were also installed at that time.
- Current backflow preventers and RPZ values are in both buildings. Buildings are partially sprinklered.
- Roofs are maintained and in excellent condition.
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