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8 Centre Market Pl
New York, NY 10013
Multifamily Property For Sale
·
8 Units
Investment Highlights
- Size & Location: 9-unit mixed-use building located in the heart of Little Italy.
- Protected Tax Class 2B: Tax increases are capped at 8% annually and no more than 305 over any given 5-year period
- Diverse Unit Mix: The subject property includes two 1 BR apartments, two 2 BR apartments, and four 3 BR apartments
- Existing Cash Flow: Asking a 5.0% CAP rate on strong existing cash flow with free market rental upside
- Immediate Free Market Rental Upside: Existing free market rents in the building are below market
Property Facts
| No. Units | 8 | Lot Size | 0.04 AC |
| Property Type | Multifamily | Building Size | 7,020 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | C | Year Built | 1900 |
| Zoning | C6-2G - Wide range of high-bulk commercial uses requiring a central location. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 7,020 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1900 |
| Zoning | C6-2G - Wide range of high-bulk commercial uses requiring a central location. |
Property Taxes
| Parcel Number | 0471-0008 | Improvements Assessment | $294,162 |
| Land Assessment | $49,319 | Total Assessment | $343,481 |
Property Taxes
Parcel Number
0471-0008
Land Assessment
$49,319
Improvements Assessment
$294,162
Total Assessment
$343,481
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