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111 E 38th St 20 Unit Apartment Building $16,000,000 ($800,000/Unit) 4.99% Cap Rate New York, NY 10016
EXECUTIVE SUMMARY
A (4) story elevator apartment building consisting of 20 apartments. Prime Manhattan location and primarily free market.
PROPERTY FACTS
| Price | $16,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $800,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.99% | Building Size | 11,300 SF |
| No. Units | 20 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1865/1956 |
| Property Subtype | Apartment | ||
| Zoning | R-8B | ||
| Price | $16,000,000 |
| Price Per Unit | $800,000 |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 11,300 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1865/1956 |
| Zoning | R-8B |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 650 |
| 1+1 | 16 | - | 650 |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
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111 E 38th St
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