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30863371
30863372

1114 Baltimore Ave, Kansas City, MO 64105 For Sale

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
CT
MO MO 2018027838, KS KS 00241193 (+1)
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group
$4,290,000
136 days on market
Updated 9 days ago

New Yorker Lofts: High Occupancy | Fully Renovated

Details
APN 29-220-46-07-00-0-00-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,573
Net Rentable (SqFt) 18,573
Units 30
Cap Rate 6.06%
NOI $259,790
Occupancy 97%
Price per SqFt $231
Class B
Year Built 1915
Year Renovated 2018
Buildings 1
Stories 9
Investment Type Core+
Occupancy Date 03/01/2026

Multifamily | 30 Units | $143,000/unit

Marketing description

Crossroads Real Estate Group is pleased to present the exclusive listing of New Yorker Lofts. Originally constructed in 1915 as the Bray Hotel, this iconic property listed on the National Register of Historic Places is known as “Kansas City’s Skinniest Skyscraper” and was comprehensively renovated in 2018 into 29 modern loft apartments featuring upgraded kitchens with stainless-steel appliances, stone countertops, sleek baths, Nest thermostats, and Google Fiber.

The ground-floor commercial space is home to Made In KC Café and its adjoining speakeasy, attracting both residents and steady downtown foot traffic. On-site amenities include a resident lounge, fitness room, laundry center, and dedicated storage. Ideally located in the heart of downtown, the building sits just steps from the streetcar, Power & Light District, Crossroads Arts District, First Fridays, and the Kauffman Center for the Performing Arts.

Investment highlights

  • Fully Renovated in 2018
  • Historical Significance
  • On-Site Amenities
  • Prime Downtown Location
  • Efficient Unit Layouts
  • Ideal Location Near Streetcar Line
  • Add Value Via Conversion

Listing Contacts

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
CT
MO MO 2018027838, KS KS 00241193 (+1)
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$259,790.00
$21,649.17/mo

Valuation Metrics

0
DSCR
6.06%
Cap Rate
6.06%
ROI

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Additional Information

Name
Holly Mills
License
MO 2004031968
Brokerage
Crossroads Real Estate Group
Brokerage Address
6200 Mastin Street
Name
Cary Taylor
License
MO 2018027838
Brokerage
Crossroads Real Estate Group
Title
John Nolan
Brokerage Address
7227 Metcalf Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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