530-532 E 5th St
New York, NY 10009
Multifamily Property For Sale
·
10 Units
Investment Highlights
- 10 residential units, 100% free-market
- Constructed in 2013, turnkey and ideal for condominium conversion
- Tax class 2B limits tax increases to 8% per year and 30% over five years
Property Facts
| No. Units | 10 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 11,500 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2012 |
| Building Class | B | ||
| Zoning | R7B | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 11,500 SF |
| No. Stories | 5 |
| Year Built | 2012 |
| Zoning | R7B |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Elevator
About 530-532 E 5TH ST , NEW YORK, NY 10009
Built in 2013 with high quality, energy efficient materials, the property features condominium-level finishes which include, but are not limited to, reclaimed oak wood flooring from western Pennsylvania, Anderson Thermopane windows with built-in window treatments, solid core oak doors, Caesarstone countertops, deep extraction American slate kitchen and bathroom floors, in-unit washers and dryers, as well as a video concierge and security throughout the building. The property is not affected by the recent passing of the Housing Stability and Tenant Protection Act. 530-532 East Fifth Street presents a potential investor with an opportunity to acquire a high cash flow, low maintenance asset or alternatively, generate a favorable spread by way of a condominium conversion.
Property Taxes
| Parcel Number | 0400-0021 | Improvements Assessment | $2,126,528 |
| Land Assessment | $264,172 | Total Assessment | $2,390,700 |
Property Taxes
