Beyond Property Group
Listed by Beyond Property Group
$4,550,000
252
Details
APN $48,963
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 8
NOI $208,800
Year Built 1920
Buildings 1
Multifamily | 8 Units
Marketing description
Prime Manhattan Location. Proven Demand. Delivered Vacant. One-of-a-kind investment opportunity in Central Manhattan. Key takeaways include:
- Cap Rate 5%
- Ideally located just two blocks from multiple subway lines
- Surrounded by food markets, restaurants, and everyday conveniences.
- A major hospital is only one block away, making this property especially attractive to hospital staff
- Consistently strong rental demand with minimal vacancy.
Each apartment is equipped with split systems providing both heating and air conditioning for year-round comfort. The building features newly installed hot water boilers and a recently upgraded electrical system, offering peace of mind for investors.
Additional amenities include a coin-operated washer and dryer conveniently located in the hallway for tenant use.
Property can be delivered vacant, providing flexibility for repositioning, owner occupancy, or lease-up at current market rents.
Will sell fast!
Listing Contacts
Beyond Property Group
Listed by Beyond Property Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$208,800.00
$17,400.00/mo
Valuation Metrics
0
DSCR
4.59%
Cap Rate
4.59%
ROI
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