Property details
New York City Multifamily Master Leased Portfolio, Northeast Region
Property Description
New York City Multifamily Master Leased Portfolio
Newly Built Multifamily
Located in a major New York City borough
Owner will deliver 100% Occupancy at Closing
Portfolio of 5 multifamily buildings.
7.00% Cap Rate (15% Possible R.O.I.)
Recession Proof
New Rent Law Friendly
Highest Cap Rate Seen in Years
Made up of 91% in Apartments and 9.00% in Offices.
2 Elevator Buildings and 3 Walkup Buildings.
Every Apartment “Condominium Ready” & “AirBNB Ready” should future mayoral administration legalize this use, as it is legal in other cities.
Every Building Newly Constructed 2019, 2018, 2015, 2014 and 2013.
NET LEASED - Each building is virtually net leased for relaxed passive ownership.
Phenomenally High Cap Rate, compared with others recently sold multifamily.
Buyer responsible for 2.00% commission.
Images
Highlights
- Status:
- Available
- Price:
- $32,713,867
- Cap Rate:
- 7.00%
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 95
- 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.