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247 E 50th St 3 Unit Apartment Building $3,999,999 ($1,333,333/Unit) New York, NY 10022
Executive Summary
Get This Fully Leased Four Story Commercial Property In Turtle Bay Now! @ Commercial Tenants And 2 Residential Tenants, Including A Bar/Restaurant On The First Floor, A Spa On The 2nd Floor And And A Residential Unit On Each Of The Upper 2 Floors. Each Apartment Has A Full Kitchen And Functionality. Situated Perfectly Between Green Acre Park And The 4 And 6 Subway Take Advantage Of The Always Growing NYC Market And Buy Into It At A Reasonable Price. Come Get This Extraordinary Property Before Someone Else Seizes This Fantastic Opportunity!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$236,088
|
$62.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$236,088
|
$62.79
|
| Taxes |
$56,371
|
$14.99
|
| Operating Expenses |
$109,286
|
$29.07
|
| Total Expenses |
$165,657
|
$44.06
|
| Net Operating Income |
$70,431
|
$18.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $236,088 |
| Annual Per SF | $62.79 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $236,088 |
| Annual Per SF | $62.79 |
| Taxes | |
|---|---|
| Annual | $56,371 |
| Annual Per SF | $14.99 |
| Operating Expenses | |
|---|---|
| Annual | $109,286 |
| Annual Per SF | $29.07 |
| Total Expenses | |
|---|---|
| Annual | $165,657 |
| Annual Per SF | $44.06 |
| Net Operating Income | |
|---|---|
| Annual | $70,431 |
| Annual Per SF | $18.73 |
Property Facts
| Price | $3,999,999 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,333,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 3 | Building Size | 3,760 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1901 |
| Zoning | R8B, New York | ||
| Price | $3,999,999 |
| Price Per Unit | $1,333,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,760 SF |
| No. Stories | 4 |
| Year Built | 1901 |
| Zoning | R8B, New York |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Oven
Site Amenities
- Spa
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $2,500 | 800 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1324-0120 | Total Assessment | $527,130 |
| Land Assessment | $216,900 | Annual Taxes | $56,371 ($14.99/SF) |
| Improvements Assessment | $310,230 | Tax Year | 2025 |
Property Taxes
Parcel Number
1324-0120
Land Assessment
$216,900
Improvements Assessment
$310,230
Total Assessment
$527,130
Annual Taxes
$56,371 ($14.99/SF)
Tax Year
2025
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247 E 50th St
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