INVESTMENT OPPORTUNITY IN MURRAY HILL ~ MANHATTAN

10 Unit Walk-Up For Sale ~ $5,850,000.

EAST 38TH STREET & LEXINGTON AVENUE, NEW YORK, NY

INVESTMENT HIGHLIGHTS: 10 Unit 3-Story Apartment Building Located North Side of 38th Street 9872 total Build-able Square feet Projected Residential Rent Roll $297,000 Estimated Expenses $88,000

DESCRIPTION: This 25’ wide walk-up building consists of ten residential units, of which two are occupied by rent stabilized tenants and eight are vacant. Currently, the ground floor has a 1BR and 2BR apartment while the remainder of the units are studios. Convenient access to Grand Central and Midtown make this a highly desirable area. Furthermore, medical and dental professionals as well as other community facilities can take advantage of the R8B zoning which allows their occupancy and use. This property is also ideal for investors seeking upside or long-term redevelopment. 

Price $5,850,000+ FEES TO BE PAID BY BUYER  Floors 3 Units 10 Lot Area 2,468 sqft Building Size 6,357 sqft NOI $200,643