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332 E 95th St 42 Unit Apartment Building $15,000,000 ($357,143/Unit) 5.58% Cap Rate New York, NY 10128
EXECUTIVE SUMMARY
Cushman & Wakefield (“C&W”) has been exclusively retained to offer for sale the 100% fee simple interest in 332 East 95th Street (the “Property”) in New York, NY. 332-334 East 95th Street is a 6 story walk up multifamily building with 41 apartments, of which 90% are deregulated (37 deregulated, 3 Rent Stabilized, 1 Rent Control). There are 3 studios, 19 one bedroom units, 17 two-bedroom units and 2 three-bedroom units. The ground floor units have 15’ ceilings as well as the spacious lobby. There is a rear yard that is used as a private garden space for the 3 ground floor duplex apartments. The building has new high performance gas boiler that operates the 6 colder months of the year for heat and a separate hot water boiler for the 6 warmer months of the year. The roof top can be converted to a tenant amenity that includes city and East River views. The building has a laundry room with three washer machines and three dryers. The property presents a unique opportunity to purchase a well maintained building, with significant short term upside potential.
PROPERTY FACTS
| Price | $15,000,000 | Property Subtype | Apartment |
| Price Per Unit | $357,143 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.58% | Lot Size | 0.10 AC |
| Gross Rent Multiplier | 10.96 | Building Size | 31,018 SF |
| No. Units | 42 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1915 |
| Zoning | C6-2, New York - General Central Commercial Zoning District in NYC | ||
| Price | $15,000,000 |
| Price Per Unit | $357,143 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 10.96 |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 31,018 SF |
| No. Stories | 6 |
| Year Built | 1915 |
| Zoning | C6-2, New York - General Central Commercial Zoning District in NYC |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Tub/Shower
- Freezer
- Island Kitchen
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 300 |
| 1+1 | 19 | - | 400 - 500 |
| 2+1 | 17 | - | 500 - 600 |
| 3+2 | 3 | - | 600 - 800 |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 1557-0034 | Improvements Assessment | $2,304,200 |
| Land Assessment | $508,500 | Total Assessment | $2,812,700 |
PROPERTY TAXES
Parcel Number
1557-0034
Land Assessment
$508,500
Improvements Assessment
$2,304,200
Total Assessment
$2,812,700
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