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261 Bowery 3 Unit Apartment Building $6,995,000 ($2,331,667/Unit) 6.11% Cap Rate New York, NY 10002
Executive Summary
6.11% Cap Rate.
Fully Leased and Renovated.
Reclassified as Tax Class 1, capping Tax Increases.
Luxurious renovated 3 Story Mixed Use Building.
Large Retail Space -Leased to Established Restaurant Tenant with 7 other NYC Locations
15,000 BSF Total. 10,000 SF of Air Rights Remain. Can be added on top of existing building.
~5,000 SF Above Grade
Fully Renovated Luxury Apartments with large private outdoor decks.
Property abuts the Public Hotel in the back
Located in Bowery/Nolita
Steps from national retailers and the B,D,F,M,R,W Trains.
Contact Michael@Baselinerealestate.com or 631-235-9741 for more information
Fully Leased and Renovated.
Reclassified as Tax Class 1, capping Tax Increases.
Luxurious renovated 3 Story Mixed Use Building.
Large Retail Space -Leased to Established Restaurant Tenant with 7 other NYC Locations
15,000 BSF Total. 10,000 SF of Air Rights Remain. Can be added on top of existing building.
~5,000 SF Above Grade
Fully Renovated Luxury Apartments with large private outdoor decks.
Property abuts the Public Hotel in the back
Located in Bowery/Nolita
Steps from national retailers and the B,D,F,M,R,W Trains.
Contact Michael@Baselinerealestate.com or 631-235-9741 for more information
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
Property Taxes
| Parcel Number | 0427-0009 | Improvements Assessment | $254,700 |
| Land Assessment | $180,000 | Total Assessment | $434,700 |
Property Taxes
Parcel Number
0427-0009
Land Assessment
$180,000
Improvements Assessment
$254,700
Total Assessment
$434,700
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261 Bowery
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