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520 Ninth Ave
New York, NY 10018
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Close proximity to the A/C/E, 1/2/3 & 7 trains at Times Square.
- Dining, shopping, and entertainment in immediate vicinity.
- Prime location near Hudson Yards and Times Square.
- Bryant Park located three blocks east and the Hudson River piers three blocks west.
- Gut-renovated interiors with premium finishes.
Executive Summary
Unique opportunity to purchase a fully leased gut renovated prewar building with one office/ retail space on the ground floor and 3 floor through brand new 2 bed/ 2 bath residential units with top-of-the-line appliances and finishes. See income and expense details below.
Located in in between the Times Square and Hudson Yards neighborhoods and in close proximity to the A/C/E, 1/2/3 & 7 trains at Times Square and few blocks to Penn Station. Whole Foods, Hudson Yard Mall, Brooklyn Fare & Ideal Market grocery store are located within the neighborhood, as is the Hudson River Greenway, High Line as well as the best that New York is most famous for: theatrical shows and performances, fine dining, delicious affordable dining, clothing and food shopping for all budgets, and sky-high buildings and hotels. Additionally, for outdoor lovers, you also have Bryant Park located three blocks east and the Hudson River piers three blocks west.
Located in in between the Times Square and Hudson Yards neighborhoods and in close proximity to the A/C/E, 1/2/3 & 7 trains at Times Square and few blocks to Penn Station. Whole Foods, Hudson Yard Mall, Brooklyn Fare & Ideal Market grocery store are located within the neighborhood, as is the Hudson River Greenway, High Line as well as the best that New York is most famous for: theatrical shows and performances, fine dining, delicious affordable dining, clothing and food shopping for all budgets, and sky-high buildings and hotels. Additionally, for outdoor lovers, you also have Bryant Park located three blocks east and the Hudson River piers three blocks west.
Property Facts
| Price Per Unit | $1,100,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.50% | Lot Size | 0.02 AC |
| No. Units | 5 | Building Size | 3,610 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1901/2022 |
| Zoning | C1-7A - Commercial district predominantly residential in character | ||
| Price Per Unit | $1,100,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 3,610 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1901/2022 |
| Zoning | C1-7A - Commercial district predominantly residential in character |
Amenities
Unit Amenities
- Hardwood Floors
Site Amenities
- 24 Hour Access
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 9 | $5,148 | - |
Property Taxes
| Parcel Number | 0762-0071 | Improvements Assessment | $202,579 |
| Land Assessment | $221,599 | Total Assessment | $424,178 |
Property Taxes
Parcel Number
0762-0071
Land Assessment
$221,599
Improvements Assessment
$202,579
Total Assessment
$424,178
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