1435 Second Ave | New York, NY 10021
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1435 Second Ave
New York, NY 10021
Multifamily Property For Sale
·
1 Unit
PROPERTY FACTS
| No. Units | 1 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 4,500 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1910 |
| Zoning | C1-9 (R10) | ||
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | C1-9 (R10) |
ABOUT 1435 SECOND AVE , NEW YORK, NY 10021
INVESTORS ------- Four Story Mixed Use Building with a Commercial Tenant (Zucchero e Pomodori) in place paying $22,000 a month. The restaurant lease is for another 6 years and there is a 3% increase in rent year over year. There are a total of three market rate 3 bedroom / 2 bathroom full floor renovated apartments. The total yearly expenses are approximately $96,422 with an annual rent roll of $417,600. NOI is $321,178 = 3.6% Cap Rate.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | $4,250 | 1,125 |
PROPERTY TAXES
| Parcel Number | 1429-0027 | Improvements Assessment | $595,879 |
| Land Assessment | $340,693 | Total Assessment | $936,572 |
PROPERTY TAXES
Parcel Number
1429-0027
Land Assessment
$340,693
Improvements Assessment
$595,879
Total Assessment
$936,572
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