Investment opportunity you won't want to miss: a recently converted 22-unit condo building that's 100% occupied, complete with a 421A tax abatement in place until July 2027. This means that you'll benefit from significant property tax savings for years to come, making this a wise investment choice.
The sponsor of the building takes care of all maintenance and rent collection from existing tenants. Plus, any vacant units can be rented up to legal rent, which is abnormally high or sold, giving you flexibility and the potential for even more income. With a full suite of amenities including a gym, lounge room, and roof garden, this building offers tenants an enviable living experience. A 24/7 doorman provides security and peace of mind, while designated pet areas ensure happy furry residents.
This prime location is just 7-minutes to the ferry and bus, and a 10-minutes to the subway, making it a convenient choice for commuters. Plus, it's situated right next to Costco, Socrates Park, and major supermarkets, ensuring that tenants have easy access to all the essentials. Complex offers on-site parking for tenants.
With an additional 125 individual condo units available in the complex, you'll have even more opportunities to grow your investment.
Financials are available upon request.
Building Amenities 24-hour attended lobby, Fitness center, On-site car rentals, building lounge featuring FREE Wi-Fi, flat screen TV's and library.
Price: $11,612,000
Price Per Unit: $527,818
Sale Type: Investment
Property Type: Multi-Family
Sub-type: Apartments
Building Class: C
Units: 22
RBA: 16,000 SF
Lot Size: 0.50 AC
Year Built: 2014
No. Stories: 5
24/7 doorman
2 mins to ferry and bus
10 mins to subway
Next to Costco, Socrates park and major supermarkets
3 mins to Naguchi museum
Direct view of Manhattan Upper East side
On-site parking
Pets friendly with designated pets' roof.
The sponsor of the building takes care of all maintenance and rent collection from existing tenants. Plus, any vacant units can be rented up to legal rent, which is abnormally high or sold, giving you flexibility and the potential for even more income. With a full suite of amenities including a gym, lounge room, and roof garden, this building offers tenants an enviable living experience. A 24/7 doorman provides security and peace of mind, while designated pet areas ensure happy furry residents.
This prime location is just 7-minutes to the ferry and bus, and a 10-minutes to the subway, making it a convenient choice for commuters. Plus, it's situated right next to Costco, Socrates Park, and major supermarkets, ensuring that tenants have easy access to all the essentials. Complex offers on-site parking for tenants.
With an additional 125 individual condo units available in the complex, you'll have even more opportunities to grow your investment.
Financials are available upon request.
Building Amenities 24-hour attended lobby, Fitness center, On-site car rentals, building lounge featuring FREE Wi-Fi, flat screen TV's and library.
Price: $11,612,000
Price Per Unit: $527,818
Sale Type: Investment
Property Type: Multi-Family
Sub-type: Apartments
Building Class: C
Units: 22
RBA: 16,000 SF
Lot Size: 0.50 AC
Year Built: 2014
No. Stories: 5
24/7 doorman
2 mins to ferry and bus
10 mins to subway
Next to Costco, Socrates park and major supermarkets
3 mins to Naguchi museum
Direct view of Manhattan Upper East side
On-site parking
Pets friendly with designated pets' roof.
Total Rooms: 2