Listed by Matthews
$6,400,000
7509 Park Ave & 101 76th St
Details
Property Type Multifamily
Square Footage 27,500
Units 34
NOI $363,457
Rare 34-Unit Value-Add Opportunity with 79% Upside Potential
Investment highlights
Value-Add Opportunity
- 34 Units
- 79% Upside*
- $188K Price Per Unit
Building Highlights
- 2 Multifamily Brick Buildings
- 50+ Year Ownership
- Renovated Units and Over Sized Units
- Strong Unit Mix of 2 & 3 Bedrooms
- Laundry in Basement
- Boiler Replaced in 2024 (101 76th St)
- Boiler Rebuilt in 2025 (7509 Park Ave)
- Separately Metered
- Tenants pay for cooking gas and electric
- Landlord pays for heat, hot water, common area electric & water/sewer
Convenient Transportation
- The building is approximately a 4-minute walk to the Boulevard East at 77th St bus stop which provides a 31-minute bus ride directly to Midtown Manhattan.
*Broker Estimates
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$363,457.00
$30,288.08/mo
Valuation Metrics
0
DSCR
5.68%
Cap Rate
5.68%
ROI
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