Listed by Matthews
$5,750,000
209 Seventh Avenue
Details
Property Type Mixed Use
Square Footage 3,756
Net Rentable (SqFt) 3,756
Cap Rate 5.24%
NOI $301,277
Occupancy 100%
Tenancy Single
Price per SqFt $1,531
Buildings 1
Stories 4
Acreage 0.020
Investment Type Owner/User
Ground Lease No
Turn-Key, Fully Leased Mixed-Use Corner Asset in Prime Chelsea
Marketing description
Fully leased, four-story mixed-use property in Chelsea with 3,756 SF. Ground floor restaurant leased to Tziki through 2034. Five renovated free market apartments above, averaging $4,648/month. Offered at $5,750,000 with projected NOI of $301,277 and tax class 2A protection.
Investment highlights
- Recently renovated, fully leased, four-story corner mixed-use property located in the heart of Chelsea.
- Ground floor features a fully-vented restaurant space leased by Tziki until 2034.
- Above floors are configured as five apartments, of which two are studios, and three are one-bedrooms.
- Average residential rent is $4,648, with all units being registered as free market.
- Property benefits from being tax class 2A protected.
- Perfect opportunity for an investor seeking turn-key, renovated investment property in one of Manhattan’s most sought-after neighborhoods.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$301,277.00
$25,106.42/mo
Valuation Metrics
0
DSCR
5.24%
Cap Rate
5.24%
ROI
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