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Browse More Listings in Multifamily For Sale, New York, NY or New York

Multifamily Property For Sale

Newly Built 7 Story Mixed Use Income Producer

207 Bowery, New York, NY 10002

Price:
$15,000,000
No. Units:
8
Building Size:
19,239 SF
Price/Unit:
$1,875,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Medical Office
Street Retail
Property Use Type:
Investment
Cap Rate:
5%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
2,738 SF
Find Out More...

Last Verified 10/16/2009 Listing ID 16331055

Description

Newly Built 7 Story Mixed Use Income Producer located in Prime Bowery Location. Building consists of a total of 8 units: 4 Commercial floor thru units and 4 Residential floor thru units. This private keyed elevator building is 4 years old, has an approved condominium plan in place with any unit immediately available for sale at the purchaser' s discretion. All units are fully occupied with leases; commercial units can be delivered vacant. Unit Mix composed of: Restaurant on ground floor, Offices on 2 floors and residential on 4 floors. This building is a solid income producer in a highly desirable location with a current rent roll of $917,100.

Located in a Prime location, where the Bowery Meets Soho. Neighbors include the New Bowery Museum; Whole Foods Supermarket, Avalon Christie, Bowery Ballroom, Amato Opera House, The Hotel on Rivington. and much more.

Financial Summary

Actual
Scheduled Gross Income
$917,100
Operating Expenses
$160,553
Net Operating Income
$756,546

Map of 207 Bowery, New York, NY 10002 (New York County)

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Presented by

Citadel Property Management

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Contact Listing Broker

Mike Crespo (646) 654-0722

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Created 7/24/2009

Additional Information for 207 Bowery, New York, NY 10002

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Newly Built 7 Story Mixed Use Income Producer

207 Bowery, New York, NY, 10002