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55 Units in Davos 2 Flex Condos Offered at $6,099,000 in Woodridge, NY
Investment Highlights
- 52 Units Total
- 1 Bed units are 750 SF
- Unit Mix: 1- and 2-bedroom layouts
- 2 Bed Units are 1000 SF
Executive Summary
Presenting an exceptional opportunity to acquire a stabilized 55-unit condominium portfolio, offering strong in-place cash flow with significant upside potential. This rare investment features a mix of well-maintained and fully leased units.
Portfolio Highlights:
Total Units: 55individually deeded condos
Occupancy: Stabilized, high occupancy with quality tenant base
Unit Mix: 1- and 2-bedroom layouts
Turnkey Condition: Many units renovated with modern finishes
Rental Upside: Below-market rents in several units allow for value-add through strategic lease turnover
Exterior Maintenance: HOA
Portfolio Highlights:
Total Units: 55individually deeded condos
Occupancy: Stabilized, high occupancy with quality tenant base
Unit Mix: 1- and 2-bedroom layouts
Turnkey Condition: Many units renovated with modern finishes
Rental Upside: Below-market rents in several units allow for value-add through strategic lease turnover
Exterior Maintenance: HOA
Property Facts
| Price | $6,099,000 | Status | Active |
| Price / SF | $3,485 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.14% | Total Building Size | 1,750 SF |
| Sale Type | Investment |
| Price | $6,099,000 |
| Price / SF | $3,485 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.14% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,750 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 68 Davos Pt, 1st Floor - Unit 2, Woodridge, NY 12789 | Flex Condo | 1,000 SF | 1990 | - |
| 75 Davos Pt, 1st Floor - Unit 1, Woodridge, NY 12789 | Flex Condo | 750 SF | 1990 | - |
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Presented by
Rieber Realty
55 Units in Davos
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