Sur Group NYC
Listed by Sur Group NYC
$8,250,000
1226 Second Avenue
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 5,300
Units 7
Cap Rate 6.48%
NOI $535,000
Occupancy 85.71%
Tenancy Multi
Pro-Forma Cap Rate 6.97%
Pro-Forma NOI $575,000
Price per SqFt $1,557
Class C
Year Built 1910
Year Renovated 2024,2025
Buildings 1
Lot Size (SqFt) 2,500
Zoning C2-8
Ground Lease No
About This Property
Investment highlights
This offering is for a 4-story, mixed-use, walk-up building located in Lenox Hill, on 2nd Avenue between 64th and 65th Street. The zoning is C2-8 and the building size is 25ft x 87ft on a 25ft x 100ft lot.
This building has six one-bedroom apartments, five of which are free-market, one rent-stabilized, and one long-term commercial tenant with an excellent payment history (over three decades).
The Gross income is well above 750k, with an NOI of just over 520k. This building has great cash flow and is an amazing investment opportunity!
Listing Contacts
Sur Group NYC
Listed by Sur Group NYC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$535,000.00
$44,583.33/mo
Valuation Metrics
0
DSCR
6.48%
Cap Rate
6.48%
ROI
Map
Zoning
C2-8 CommercialRetail CommercialLocal Service
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