85-87 Pitt St
New York, NY 10002
Multifamily Property For Sale
·
21 Units
Investment Highlights
- 8 Minute walk to the F, M, J & J Subway & 6 Minute walk to "Essex Crossing"
- large roof with great views that can be converted into a communal roof deck as an added amenity to the tenants
- $800 000 in capital improvements that have been completed over the last few years that upgraded and modernized the entire building
Property Facts
| No. Units | 21 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 14,280 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 6 |
| Building Class | B | Year Built/Renovated | 1920/2015 |
| Zoning | R7A - Medium-Density Apartment House District with Lower Parking Requirements. | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 14,280 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built/Renovated | 1920/2015 |
| Zoning | R7A - Medium-Density Apartment House District with Lower Parking Requirements. |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Vinyl Flooring
- Warming Drawer
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Security System
- On-Site Retail
- Renters Insurance Program
- Vintage Building
- Elevator
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Public Transportation
About 85-87 PITT ST , NEW YORK, NY 10002
85 Pitt Street is only a 6 minute walk to “Essex Crossing” which is a collection of apartments, 400,000 SF of office space and 450,000 square feet of retail space that will enhance the culture and unique flavor of New York City's Lower East Side. Essex Crossing will be connected by a new park, bike paths and green spaces above ground and by a world-class 150,000 SF bazaar-like marketplace below ground called The Market Line.. The property falls into the Opportunity Zone which was created by the Tax Cuts and Jobs Act of 2017 to incentivize long-term private investment in designated communities and is located in a safe neighborhood surrounded by 4 schools and located 1 block north of NYPD’s 7th Precinct and FDNY Ladder 18 on the corner of Pitt & Delancey.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 0344-0068 | Improvements Assessment | $1,539,630 |
| Land Assessment | $292,500 | Total Assessment | $1,832,130 |
Property Taxes
