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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 | $5,738,517 | |
| Land Assessment | $976,500 | Total Assessment | $6,715,017 |
Property Taxes
Parcel Numbers
Land Assessment
$976,500
Improvements Assessment
$5,738,517
Total Assessment
$6,715,017
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