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HP Plaza Portfolio 9 Multifamily Properties Offered at $21,000,000 in New York, NY
EXECUTIVE SUMMARY
120 Units Across 9 buildings located within a two block radius
Long-term assumable debt of over $16M in place until 2050/2051 at low interest rates
Article XI regulatory agreement with 60% and 165% AMI income restrictions
420-C tax exemption alleviates tax burden until 2051
9.84% Cash on Cash Return in Year 1
Nearby to Jackie Robinson park, cultural institutions and neighborhood eateries and shops
Long-term assumable debt of over $16M in place until 2050/2051 at low interest rates
Article XI regulatory agreement with 60% and 165% AMI income restrictions
420-C tax exemption alleviates tax burden until 2051
9.84% Cash on Cash Return in Year 1
Nearby to Jackie Robinson park, cultural institutions and neighborhood eateries and shops
PROPERTY FACTS
| Price | $21,000,000 | Number of Properties | 9 |
| Price / SF | $146.38 / SF | Individually For Sale | 0 |
| Cap Rate | 9.84% | Total Building Size | 143,460 SF |
| Sale Type | Investment | Total Land Area | 0.73 AC |
| Status | Active |
| Price | $21,000,000 |
| Price / SF | $146.38 / SF |
| Cap Rate | 9.84% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 9 |
| Individually For Sale | 0 |
| Total Building Size | 143,460 SF |
| Total Land Area | 0.73 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 310 W 148th St, New York, NY 10039 | Multifamily | 28,434 SF | 1910 | - |
|
West 148Th Street Cluster ( 2799 8Th Ave )
2799-2801 Frederick Douglass Blvd, New York, NY 10039 |
Multifamily | 21,910 SF | 1910 | - |
| 305-307 W 149th St, New York, NY 10039 | Multifamily | 21,588 SF | 1910 | - |
| 304-306 W 149th St, New York, NY 10039 | Multifamily | 21,180 SF | 2002 | - |
| 300 W 149th St, New York, NY 10039 | Multifamily | 13,914 SF | 1910 | - |
| 2796 Frederick Douglass Blvd, New York, NY 10039 | Multifamily | 10,439 SF | 1920 | - |
| 302 W 149th St, New York, NY 10039 | Multifamily | 9,680 SF | 1910 | - |
| 304 W 148th St, New York, NY 10039 | Multifamily | 8,240 SF | 2004 | - |
| 302 W 148th St, New York, NY 10039 | Multifamily | 8,075 SF | 1910 | - |
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