548 Third Ave
New York, NY 10016
Mixed Use, Murray Hill · Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 5,244 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | C1-9 - Commercial district predominantly residential in character | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,244 SF |
| No. Stories | 4 |
| Year Built | 1910 |
| Zoning | C1-9 - Commercial district predominantly residential in character |
About 548 THIRD AVE , NEW YORK, NY 10016
Mixed-use building with Air-Right on a 23' wide, 80' long (Total: 1,840 SF) lot, The buildings offers approximately 5,244 SF and consists of three residential apartments (of size: 3,444 SF) and a retail store space (of size: 1,800 SF). It is important to note here that there is much potential for this property, with an area of over 12,156 SF available to build on for significant revenue possibilities. Current zoning of this lot is C1-9 with a floor Area Ratio of 10 and built 2.85. This property is a great opportunity for an investor to benefit from long term upside, triple net property, and a great potential for future development. Currently, the 1st floor tenant has a master lease with an annual net operating Income of $377,973.29 up to the year 2030. Located in between 36 Street and 37 Street, Murray Hill neighborhoods.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 1,115 |
| 1+1 | 1 | - | 1,200 |
| 5+2 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 0892-0042 | Improvements Assessment | $374,017 |
| Land Assessment | $724,483 | Total Assessment | $1,098,500 |
Property Taxes
