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64 W 85th St
New York, NY 10024
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Priced aggressively, to sell at an attractive 5.26% Cap Rate with a Proforma Cap Rate of 5.7%.
- Excellent coveted location, nestled on a treed-lined street, one half block from the entrance to Central Park.
- 2024/2025 Real Estate Tax Appeal pending, assumable.
- Recent major capital improvements; Domestic Water and Fire Sprinkler service. New Boiler/Hot Water systems.
- The current gross monthly rental income is below market value.
- The building offers various development opportunities which include conversion to; Single Family Residence or owner occupied with rental income.
Property Facts
| No. Units | 10 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 6,998 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 6 |
| Building Class | C | Year Built | 1900 |
| Zoning | R8B - High Density Residential | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 6,998 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1900 |
| Zoning | R8B - High Density Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Fireplace
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Yard
- Built-In Bookshelves
- Double Pane Windows
- Garden
- Intercom
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Trash Pickup - Curbside
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| 1+1.5 | 1 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 1198-0057 | Improvements Assessment | $647,244 |
| Land Assessment | $202,204 | Total Assessment | $849,448 |
Property Taxes
Parcel Number
1198-0057
Land Assessment
$202,204
Improvements Assessment
$647,244
Total Assessment
$849,448
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