137 E 13th St
New York, NY 10003
Commercial Condominium For Sale · Multifamily Property For Sale
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8 Units
Investment Highlights
- Prime Union Square location
- Tenant in place
- Back yard
- Commercial condominium for sale
- Full basement
Executive Summary
* Prime retail condominium for sale in Union Square, Manhattan, located just minutes from NYU University and all public transportation. * The space features approximately 3354 square feet with a partial basement and backyard. * First floor 1676 square feet * Cellar 1350 square feet * Back Yard 328 square feet * The retail space is equipped with central air, high ceilings, and an outdoor space. *The entire space is leased till 03/31/2035 for a restaurant establishment offering an opportunity for investment in the most desirable area of Downtown Manhattan. Income & expense Monthly rent $18,000 Monthly common charges $1,583 - Landlord only pays base amount Annual real estate taxes $66,119 - Landlord only pays base amount Annual insurance $4,000 Rent increase 4% every year Net monthly income $11,207 Annual net income $134,489 Annual tax add back $4,898 Total Net annual income $139,387
Property Facts
Amenities
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| Studios | 1 | - | 4,816 |
