$ 7,750,000
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$7,750,000
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SqFt
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About the Listing CBE01 - 176463
Calling All Investors, Developers, & End-Users!!! 5.61 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27. Apt. BC: $27,300 Ann.; Lease Exp.: 7/31/27. Apt. 1A: $26,616.12 Ann.; Lease Exp.: 8/31/27. Apt. 1B: $33,300 Ann.; Lease Exp.: 8/31/28. Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27. Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26. Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26. Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27. Apt. 2C: $17,484.96 Ann.; Lease Exp.: 6/30/27. Apt. 2D: $26,685.60Ann.; Lease Exp.: 7/31/27. Apt. 3A: $33,600 Ann.: Lease Exp.: 8/31/28. Apt. 3B: $30,600 Ann.; Lease Exp.: 5/31/28. Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27. Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28. Apt. 4A: $30,086.04 Ann.; Lease Exp.: 8/31/27. Apt. 4B: $28,102.56 Ann.; Lease Exp.: 5/31/27. Apt. 4C: $25,151.76 Ann.; Lease Exp.: 7/31/28. Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27. Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27. Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28. Apt. 5C: $21,000 Ann.; Lease Exp.: 8/31/28. Apt. 5D: $26,735.28 Ann.; Lease Exp.: 5/31/27. Gross Income: $606,421.08 Ann. Expenses: Fuel: $8,106.39 Ann. Electric: $1,432.96 Ann. Water & Sewer: $8,525.84 Ann. Insurance: $11,463.61 Ann. Maintenance & Repairs: $13,182.29 Ann. Taxes: $128,695.85 Ann. Total Expense: $171,406.94 Ann. Net Operating Income (NOI): $435,014.14 Ann. (5.61% Cap!!!) Reply, Reply All or Forward
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Oil
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Renovated
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $125,558
- Taxes w/Assessments: N/A
- Tax/Property ID: 0375-0061
- Tax Year: N/A
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Monthly Payment
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Questions About..
717 E 5th St New York (Manhattan), NY 10009
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