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246 E 48th St 4 Unit Apartment Building $5,238,000 ($1,309,500/Unit) 4.33% Cap Rate New York, NY 10017

Apartment Buildings New York New York 246 E 48th St, New York, NY 10017

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INVESTMENT HIGHLIGHTS

  • Over 3,000 SQF of additional FAR.
  • Private outdoor space for every unit.

EXECUTIVE SUMMARY

Delivered Vacant. See attachment for financials.

ATTACHMENTS

Set up Sheet__246 EAST 48Th STREET April 2024

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $5,238,000 Apartment Style Mid-Rise
Price Per Unit $1,309,500 Building Class C
Sale Type Investment Lot Size 0.04 AC
Cap Rate 4.33% Building Size 4,473 SF
Sale Condition High Vacancy Property Average Occupancy 100%
No. Units 4 No. Stories 4
Property Type Multifamily Year Built 1970
Property Subtype
Apartment
  • Office Office Residential
Zoning R7-2,New York(C3) - R7 is a medium density residential zoning district.
Price $5,238,000
Price Per Unit $1,309,500
Sale Type Investment
Cap Rate 4.33%
Sale Condition High Vacancy Property
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.04 AC
Building Size 4,473 SF
Average Occupancy 100%
No. Stories 4
Year Built 1970
Zoning R7-2,New York(C3) - R7 is a medium density residential zoning district.

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Kitchen
  • Built-In Bookshelves
  • Deck
  • Garden
  • Office
  • Smoke Free

SITE AMENITIES

  • Smoke Free
  • Multi Use Room

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+3 1 - -
1+1 3 - -

LINKS

1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(646) 889-8541

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Contact the broker for more information about this property

CONTACT

  • Listing ID: 31406365

  • Date on Market: 4/3/2024

  • Last Updated:

  • Address: 246 E 48th St, New York, NY 10017

More public record information on 246 E 48th St, New York, NY 10017

The Turtle Bay Multifamily Property at 246 E 48th St, New York, NY 10017 is currently available. Contact Coldwell Banker Warburg for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW STREET
MAP
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Rendering
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Exterior
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Interior Photo
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Interior
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Rendering
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Interior Photo
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Rendering
246 E 48th St, New York, NY for sale Interior Photo- Image 8 of 27
Interior Photo
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Kitchen
246 E 48th St, New York, NY for sale Interior Photo- Image 10 of 27
Interior Photo
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Rendering
246 E 48th St, New York, NY for sale Interior Photo- Image 12 of 27
Interior Photo
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Unit bathroom
246 E 48th St, New York, NY for sale Interior Photo- Image 14 of 27
Unit bathroom
246 E 48th St, New York, NY for sale Building Photo- Image 15 of 27
Rear patio
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Rear Patio
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Rear Patio
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Rooftop
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Rooftop
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Rooftop
246 E 48th St, New York, NY for sale Interior Photo- Image 21 of 27
Interior Photo
246 E 48th St, New York, NY for sale Floor Plan- Image 22 of 27
Floor Plan
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Floor Plan
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Floor Plan
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Floor Plan
246 E 48th St, New York, NY for sale Plat Map- Image 26 of 27
Plat Map
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246 E 48th St
(646) 889-8541 x

246 E 48th St

Jules Garcia
(646) 889-8541

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