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691 Tenth Ave 20 Unit Apartment Building $5,000,000 ($250,000/Unit) 5.25% Cap Rate New York, NY 10036
Investment Highlights
- Prime Hell's Kitchen location
- Strong pedestrian traffic
- Mixed-use investment opportunity
- Surrounded by dining & entertainment
Executive Summary
CBRE, as exclusive agent, is pleased to offer for sale 691 Tenth Avenue a five-story mixed-use walk up building located in the Hell’s Kitchen submarket of Manhattan, offering a blend of residential and retail income in a highly sought-after Midtown West location. The property comprises approximately 9,725 gross square feet and includes 20 total units, consisting of 18 residential apartments and 2 ground-floor retail spaces, providing a well-balanced and stable income profile
Property Facts
| Price | $5,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.25% | Building Size | 10,410 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/1985 |
| Zoning | R8 - R8 Zoning in NYC is a “high density” residential zoning district. | ||
| Price | $5,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,410 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1910/1985 |
| Zoning | R8 - R8 Zoning in NYC is a “high density” residential zoning district. |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
- Solar Panels
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 450 |
| 1+1 | 8 | - | 600 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1076-0030 | Improvements Assessment | $782,100 |
| Land Assessment | $225,900 | Total Assessment | $1,008,000 |
Property Taxes
Parcel Number
1076-0030
Land Assessment
$225,900
Improvements Assessment
$782,100
Total Assessment
$1,008,000
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