This Multifamily Property is Off-Market.

415 West 150th Street
Manhattan, NY 10031 ·

16 Units · Multifamily For Sale

N/A

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FORECLOSURE SALE WITH BONUS PROPERTY

Price N/A Commission Split 1%
No. Units 16 Cap Rate 13%
Building Size 36,100 SF Gross Rent Multiplier 7.50
Property Type Multifamily Occupancy 75%
Property Sub-type Mid/High-Rise Lot Size 6,850 SF
Property Use Type Investment
Listing ID: 17105797 Date Created: 04/06/2011 Last Updated: 10/07/2011

Description

NOTES FOR SALE

Plus Bonus Building 145 W 129th Street
4 Family - Gut Rehab, Needs $300K in work then worth $2MM

415 West 150th Street - 16 units. Has C of O and is rented
Has 6100' medical space - was rented, is now vacant.
BRAND NEW CONSTRUCTION

Building is all two bedroom and should be rented for about $2500 per month each unit is at market rent for this type of apartment.

This is a NOTE sale with another NOTE on 145 West 129th Street with a total unpaid balance for both properties totaling approximately $12,000,000+ of which I have details should you need. The bank will take $5,500,000.
Take them both for $5.5MM

Incredible construction top of the line touches to each unit.

145 West 129th Street - 4 unit gutted- needs $300,000 in work then worth $2,000,000.

ALL VERY CLOSE TO FINAL FORECLOSURE, DON'T MISS OUT ON THIS GREAT DEAL.

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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