Listed by Matthews
$1,718,000
803 22nd Street
Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 7,800
Units 13
Cap Rate 6.65%
NOI $114,275
Tenancy Multi
Price per SqFt $220
Year Built 1900
Ground Lease No
12-Unit Value-Add Brick Building with 6.65% Cap, Near Midtown Manhattan
Investment highlights
- Value-Add Opportunity
- 12 Residential Units
- 1 Commerical Unit
- $132K Price Per Unit
- 6.65% Cap Rate
- Brick Building
- Renovated Units
- Less than 20-minute commute to Midtown Manhattan
- Separately Metered
- Tenants pay for cooking gas, & electric
- Landlord pays for heat, hot water, water/sewer & common area electric
- Prime Location in Union City
- The building is approximately a 9-minute walk to the 30th St at Summit Ave bus stop which provides a 15-minute bus ride directly to Midtown Manhattan.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$114,275.00
$9,522.92/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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