49 E 129th St
New York, NY 10035
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 9,000 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 6 |
| Building Class | B | Year Built | 2007 |
| Zoning | R7-2 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 2007 |
| Zoning | R7-2 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Elevator
About 49 E 129TH ST , NEW YORK, NY 10035
Legal 12 unit building with 9,000 sqft of residential space, new elevator, laundry room, and roof deck. Each apartment has their own heating system and nearly all of the apartments have outdoor space. All tenants are being charged preferential rents so there is an upside to bringing the rents up to the max legal rent as well as potentially to convert these apartments to condo. Condo finishes are already in place in each apartment. There are 11 one bedroom apartments and 1 studio in this 11 year building. The building also has a 25 year tax abatement which allows for a near term turnkey buy and hold and eventual either sale or condo conversion. New elevator just installed. Easy access to both east and west side subway stations and of course Metro North.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 1754-0025 | Improvements Assessment | $510,750 |
| Land Assessment | $112,500 | Total Assessment | $623,250 |
Property Taxes
