Property details
New York Luxury Multifamily, Northeast Region
Property Description
New York Luxury Multifamily
Located in a very hot borough of NYC next to Manhattan.
Located on the major commercial street.
This is a large newer luxury rental building.
Over 200 apartments units.
Everything is modern and updated.
Over 50 parking spaces (rare).
The rent per parking space is $275 per month. Good revenue.
Fitness room, laundry room.
100% occupied.
Could be cooped if new owner wants.
Building has a 421a tax abatement till 2029.
Market rate rents which are slightly below market level, so there's upside room for increases.
Images
Highlights
- Status:
- Available
- Price:
- $125,000,000
- Cap Rate:
- 6.00%
Property Information
- Property Type:
- Apartments
- Industry Type:
- Agricultural
- Units/Spaces:
- 200
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.