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Income Property For Sale Sold
Income Property For Sale Sold
323 E 116th St, New York, NY 10029 Web ID 418
Details
Asking Price: $1,480,000 [ SOLD ]
Approximate Sqft: 3,417
Gross Annual Income: $124,800
Real Estate Taxes: $13,250
Gross Expenses: $24,975
Net Operating Income: $101,025
CAP: 6.8%
Income Property For Sale
Six unit multi-family building with Community Facility located in East Harlem. Excellent investment value. Harlem's next hot area for re-development. Near to the Costco, Best Buy, and Target shopping center, as well as the new Hunter College Humanities Center, the area is fast becoming revitalized! If you have a non-profit or Medical practice, this could be exactly what you are looking for to create a thriving business.
Projected Income Schedule
Apt. 1: $2,500
Apt. 2: $1,200
Apt. 3: $1,200
Apt. 4: $1,200 Apt. 5: $1,200
Medical Space: $40psf = $3,100/month
Gross Annual Income: $124,800
Gross Annual Expense Schedule
Real Estate Taxes: $13,250
Insurance: $3,600
Oil: $4,125
Water & Sewer: $1,000
Common Electric: $1,800
Mtc: $1,200
Gross Expenses: $24,975
Location: 116th St between 1st and 2nd Ave.
Block: 01688
Lot: 0012
Lot size: 16.5 x100.92
Total Sq. Ft.: 3,417
Building Size: 16.5 x 48, (15' extension on ground level)
Zoning: R7B
Six unit multi-family building with Community Facility located in East Harlem. Excellent investment value. Harlem's next hot area for re-development. Near to the Costco, Best Buy, and Target shopping center, as well as the new Hunter College Humanities Center, the area is fast becoming revitalized! If you have a non-profit or Medical practice, this could be exactly what you are looking for to create a thriving business.
Projected Income Schedule
Apt. 1: $2,500
Apt. 2: $1,200
Apt. 3: $1,200
Apt. 4: $1,200 Apt. 5: $1,200
Medical Space: $40psf = $3,100/month
Gross Annual Income: $124,800
Gross Annual Expense Schedule
Real Estate Taxes: $13,250
Insurance: $3,600
Oil: $4,125
Water & Sewer: $1,000
Common Electric: $1,800
Mtc: $1,200
Gross Expenses: $24,975
Location: 116th St between 1st and 2nd Ave.
Block: 01688
Lot: 0012
Lot size: 16.5 x100.92
Total Sq. Ft.: 3,417
Building Size: 16.5 x 48, (15' extension on ground level)
Zoning: R7B
All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.
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