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favorite this post $9000000 / 50000ft2 - 55 Unit Apartment Building (Olinville) hide this posting unhide

50000ft2

55 Unit Apartment Building

Area: Olinville

Purchase Price: $9M

Buyer Pays a Commission

Building class: Elevator Apartment - Semi-fireproof without Stores (D1)
Building sqf: 49,038
Building dimensions: 114 ft x 88 ft
Lot sqft: 11,400
Lot dimensions: 114 ft x 100 ft
Corner lot: NE
Stories: 6
Year built: 1937
Class A units (HPD): 55
Residential units (DOF): 54
Residential sqft: 49,038
Average residential unit size: 908
Zoning districts: R6A

Property is in good condition

Rents are below market

Low Cap rate

Upgrades
Pursuant to the City of New York, re-wired fifty (50) apartments out of fifty-five (55), and continuing with the remaining.
Brand new elevator car installed three years ago.
Washing machines and Dryers purchased one year ago.
Approximately thirty-four (34) leases have expired and are due for renewal (please refer to the rent roll), which will result in an increased rent roll.

No Brokers Please!!...Principals Only!!!

For more information, please call Darryl at: show contact info
  • do NOT contact me with unsolicited services or offers

post id: 6778449335

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