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$ 4,250,000
Est. payment | /mo
$ 4,250,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Kips Bay
MLS Listing ID 945725
Rental Info No
Year Built 1920
Annual Tax Amount $48,963
Property Sub-Type Multi Family
Source onekey2
Property 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!
- 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!
Location
State NY
County New York (manhattan)
Rooms
Basement Full
Interior
Heating Electric
Cooling ENERGY STAR Qualified Equipment
Fireplace No
Exterior
Parking Features Off Site
Utilities Available Cable Available, Cable Connected, Electricity Available
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Beyond Property Group • Jerry C. Leung
NEARBY SCHOOL & BUSINESS
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