Details
- Five story mixed-use building consisting of 12 residential units and 2 commercial units.
- Building is gut renovated with new electrical and a new roof.
- All apartments are 3 bedroom with 1 bathroom.
- Nine apartments are on a city program with 7 years remaining on a 10-year lease. One apartment is rent stabilized.
- The Deli has 7 year remaining.
- The Beauty Supply Store has 3 years remaining with a 5-year option to renew. The Beauty Supply Store has separate gas, water & electric meters.
- Building has a 24-hour door man.
- 80-85% of expenses are paid by program.
- Price ~ $3,700,000
- Cap Rate ~ 6.6%
- GRM ~ 11.4
