403 E 69th St | New York, NY 10021
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- LoopNet Team
403 E 69th St
New York, NY 10021
1286 First Avenue · Multifamily Property For Sale
·
50 Units
INVESTMENT HIGHLIGHTS
- 80% Free Market asset with 50 total units
- Possibility for additional revenue with renovated basement space
- 100% Occupancy
- In place rents are renting below market allowing future ownership an opportunity to capture rent growth
- Proximity to NY-Presbyterian & Weill Cornell Medical Center and The Hospital for Special Surgery drive occupancy for the location
- Ownership is building Laundry Facility in the basement as a tenant amenity
PROPERTY FACTS
| No. Units | 50 | Building Size | 44,307 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1900/2013 |
| Building Class | B | Parking Ratio | 3.03/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | C2-8 - Commercial district predominantly residential in character | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 44,307 SF |
| Average Occupancy | 94% |
| No. Stories | 6 |
| Year Built/Renovated | 1900/2013 |
| Parking Ratio | 3.03/1,000 SF |
| Zoning | C2-8 - Commercial district predominantly residential in character |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Heating
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Elevator
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 13 | - | 600 - 642 |
| 2+1 | 31 | - | 900 - 906 |
| 3+1 | 4 | - | 1,159 |
| Studios | 2 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,888,596 | |
| Land Assessment | $263,655 | Total Assessment | $2,152,251 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$263,655
Improvements Assessment
$1,888,596
Total Assessment
$2,152,251
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