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41 E 41st St 5 Unit Apartment Building $5,400,000 ($1,080,000/Unit) 6.15% Cap Rate New York, NY 10017
Investment Highlights
- Great access to public transportation
Executive Summary
• 5-story walk-up mixed-use building with a total of 3 apartments & 2 stores
• The apartments are large floor through units
DETAILS & HIGHLIGHTS
• Renovated hallways and top floor apartments
• Tenants reimburse the landlord for utilities
• 10,793’ Ft of available Air Rights
• Located in prime Midtown Manhattan, within two blocks of Bryant Park and Grand
Central Terminal and close to Berkeley College, with easy access to top dining, shopping,
entertainment, and transportation options
• Within walking distance to the Grand Central Station ( trains)
• The apartments are large floor through units
DETAILS & HIGHLIGHTS
• Renovated hallways and top floor apartments
• Tenants reimburse the landlord for utilities
• 10,793’ Ft of available Air Rights
• Located in prime Midtown Manhattan, within two blocks of Bryant Park and Grand
Central Terminal and close to Berkeley College, with easy access to top dining, shopping,
entertainment, and transportation options
• Within walking distance to the Grand Central Station ( trains)
Property Facts
| Price | $5,400,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,080,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.02 AC |
| Cap Rate | 6.15% | Building Size | 5,000 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | C5-3, New York - MiD (Block: 01276, Lot: 0024) | ||
| Price | $5,400,000 |
| Price Per Unit | $1,080,000 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1920 |
| Zoning | C5-3, New York - MiD (Block: 01276, Lot: 0024) |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (78)
Property Taxes
| Parcel Number | 1276-0024 | Improvements Assessment | $396,542 |
| Land Assessment | $615,952 | Total Assessment | $1,012,494 |
Property Taxes
Parcel Number
1276-0024
Land Assessment
$615,952
Improvements Assessment
$396,542
Total Assessment
$1,012,494
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41 E 41st St
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