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

Multifamily Property For Sale

242-244 West 103rd St

242-244 West 103rd St, New York, NY 10025

Two Multi Resident Brownstones W103rd St

Price:
$7,500,000
No. Units:
21
Building Size:
10,625 SF
Price/Unit:
$357,142.86
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
5%
Cap Rate:
5.20%
Gross Rent Multiplier:
16
Occupancy:
100%
No. Stories:
5
Year Built:
1925
Lot Size:
3,300 SF
Find Out More...

Last Verified 11/20/2009 Listing ID 16373414

Highlights

14 Rent Stabilized Units
7 Free Market Units
No Rent Controlled Units

New Boiler (2008)
Nearest Subway Stop: 103rd & Broadway (on the corner)
Near Columbia University

Description

JUST REDUCED $500,000. Two adjoining 5 story multi resident walk up brownstones that have 21 apartments. The buildings are very well maintained with many long term residents. Vacancies and turnover are rare. This is a great investment opportunity for someone looking for a relatively safe steady return.

Wonderful location on Manhattan's Upper West Side between Broadway and West End Ave. The 103rd and Broadway subway station is on the corner. Very close to Columbia University, Central Park, and Riverside Park.

Financial Summary

Unit Mix Information

Proforma
Year
2009
Scheduled Gross Income
$467,255
Effective Gross Income
$467,255
Operating Expenses
$84,201
Net Operating Income
$383,054
Pre-Tax Cash Flow
$383,054

Description	No. Units
Studios	7
One Bedrooms	11
Two Bedrooms	3

Map of 242-244 West 103rd St, New York, NY 10025 (New York County)

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Presented by

Prudential Douglas Elliman Real Estate

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Contact Listing Broker

Jeffrey Dyksterhouse (646) 505-2212

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Created 8/27/2009

Additional Information for 242 W 103rd Street, New York, NY 10025

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

242-244 West 103rd St, New York, NY, 10025