This property is Off-Market

415 West 150th Steet
Manhattan, NY 10031 ·

20 Units · Multifamily For Sale

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NOTE on HARLEM NEW BUILDING in foreclosure16 UNITS

Price N/A Distressed Yes
No. Units 20 Commission Split 1%
Building Size 30,000 SF Cap Rate 7%
Property Type Multifamily Gross Rent Multiplier 8
Property Sub-type Mid/High-Rise Occupancy 30%
Property Use Type Investment Lot Size 6,850 SF
Listing ID: 16983777 Date Created: 01/18/2011 Last Updated: 02/28/2011

Description

415 WEST 150TH STREET-16 UNITS. HAS C of O AND IS RENTED.
HAS 6000' MEDICAL SPACE WAS RENTED IS NOW VACANT
Building is all two bedroom and should be rented for about $2500 per month each it is thought at market price
It is a NOTE sold with another NOTE on 145 West 129th Street with a total unpaid balance for both properties totaling approximately $13,500,000 of which I have details should you need. The bank will take $5,500,000 + fee for both notes secured by these properties. Near final foreclosure.


The value of the properties is between $18 & $20 million.

145 WEST 129TH STREET 4 UNIT GUTTED SHELL.

good building in a very nice area. There can be between $650,000 and $700,000 in income in my estimation.

The idea would be to by the note and get a receiver in place and finish the foreclosure.

FOR MORE INFORMATION PLEASE CONTACT:
MARC YULES



**PLEASE DO NOT CONTACT ANTHONY GAGLIANO ABOUT THIS LISTING**

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415 West 150th Steet, Manhattan, NY 10031 (New York County)

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