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148 E 98th St 11 Unit Apartment Building $8,250,000 ($750,000/Unit) 4.87% Cap Rate New York, NY 10029
Investment Highlights
- Blocks away from Central park
Executive Summary
• 6-story elevator building with a total of 11 apartments and a community facility
approximately 11,000 SF
• Seller financing available at 4.5% interest-only, 60% LTV, 36-month term
• Fully-approved condo plan in effect, to be delivered with 12 separate deeds
• All units are large, with high-end finishes, terraces, and balconies
• Within walking distance of the 96th Street subway stations ( trains)
approximately 11,000 SF
• Seller financing available at 4.5% interest-only, 60% LTV, 36-month term
• Fully-approved condo plan in effect, to be delivered with 12 separate deeds
• All units are large, with high-end finishes, terraces, and balconies
• Within walking distance of the 96th Street subway stations ( trains)
Property Facts
| Price | $8,250,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $750,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 4.87% | Building Size | 11,000 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2012 |
| Zoning | R7-2 - High density residential district | ||
| Price | $8,250,000 |
| Price Per Unit | $750,000 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 11,000 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2012 |
| Zoning | R7-2 - High density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 1625-0046 | Improvements Assessment | $839,250 |
| Land Assessment | $227,250 | Total Assessment | $1,066,500 |
Property Taxes
Parcel Number
1625-0046
Land Assessment
$227,250
Improvements Assessment
$839,250
Total Assessment
$1,066,500
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148 E 98th St
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