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49 E 74th St
New York, NY 10021
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- Great townhouse block
- Meticulously maintained
- Flooded with sun
EXECUTIVE SUMMARY
A gut renovated 20' wide, 5 story Elevator townhouse between Madison and Park Ave with 8 one bedroom apartments and a full floor ground floor unit with garden patio. All apartments are 100% free market and fully tenanted. The building is built 86' deep with approximately 7,883 square feet. Amenities include a furnished communal roof deck, individual tenant storage closets and large laundry room. In 2021 the building's gas lines were replaced throughout from the street with the addition of new mechanicals for heat and hot water. Alternatively conversion to single family use as all leases are short term.
PROPERTY FACTS
| Price Per Unit | $1,055,556 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.98% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 23 | Building Size | 7,783 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2006 |
| Zoning | R8B, New York (D2) - High density residential district | ||
| Price Per Unit | $1,055,556 |
| Sale Type | Investment |
| Cap Rate | 3.98% |
| Gross Rent Multiplier | 23 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 7,783 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1910/2006 |
| Zoning | R8B, New York (D2) - High density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Storage Space
- Heating
- Eat-in Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Bicycle Storage
- Elevator
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 9+1 | 9 | - | - |
PROPERTY TAXES
| Parcel Number | 1389-0031 | Improvements Assessment | $1,103,913 |
| Land Assessment | $343,287 | Total Assessment | $1,447,200 |
PROPERTY TAXES
Parcel Number
1389-0031
Land Assessment
$343,287
Improvements Assessment
$1,103,913
Total Assessment
$1,447,200
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