nyc multifamily portfolio for sale...veronica meola. broker (914) 523-8952....
TRANSCRIPT
20 Unit Apartment Building
NYC Multifamily Portfolio
For Sale
PROPERTY DETAILS
3 Apartment Buildings—42 Units
Berkshire Hathaway Westchester Properties Commercial Group is pleased to exclusively present this portfolio of prewar classic
brownstone apartment buildings in the prime Upper East Side section of New York City.
Total EGI is approximately $1,100,000.
These properties have been in the same family for over a half century. This is a unique opportunity for an investor seeking to acquire a quality residential income asset in NYC for their portfolio. Please call for more information.
ASKING PRICE: $16,995,000 — 4.1% Cap Rate
Phil BiancavillaAssociate Broker
(914) [email protected]
Veronica MeolaBroker
(914) [email protected]
484 White Plains Rd., Eastchester, NY 10709
Tel: 914-779-1700 Fax: 914-961-4440
The information contained herein has either been provided to BHHS Westchester Properties by the owner of the property or obtained from sources that we deem reliable. We make no
representations or warranties, expressed or implied, as to the information. Buyer must verify the information and bears all risk for any inaccuracies.
315 & 317 E. 89th St., New York, NY
22 Unit Apartment Buildings
424 E. 73rd St., New York, NY
315 & 317 E. 89th St., New York, NY
3 Apartment Buildings—42 Units
For Sale
OPERATING DATA—Portfolio
Phil Biancavilla Associate Broker
(914) 329-5692 [email protected]
Veronica Meola Broker
(914) 523-8952
484 White Plains Rd., Eastchester, NY 10709
Tel: 914-779-1700 Fax: 914-961-4440
The information contained herein has either been provided to BHHS Westchester Properties by the owner of the property or obtained from sources that we deem reliable. We make no
representations or warranties, expressed or implied, as to the information. Buyer must verify the information and bears all risk for any inaccuracies.
INCOME: Monthly Annual Rent:
315 E 89th St.—11 Units: $ 23,709.15 $ 284,509.80 317 E 89th St.—11 Units: $ 32,056.29 $ 384,675.48 424 E 73rd St.—20 Units: $ 35,756.17 $ 429,074.04 Effective Gross Income: $ 91,521.61 $ 1,098,259.32
EXPENSES: R.E. Taxes: $ 252,270.00 62%
Water & Sewer: $ 39,612.99 10% Con Ed: $ 5,700.00 1%
Fuel #2 Oil: $ 45,000.00 11%
Insurance: $ 17,836.06 4%
Repairs and Maintenance: $ 32,500.00 8%
Legal/Accounting/Misc.: $ 9,500.00 2%
Super: $ 7,800.00 2%
Total Expenses: $ 410,219.05 100%
SCRIE REIMBURSEMENT: $ 4,769.40
NET OPERATING INCOME: $ 692,809.67
CAPITALIZATION RATE: 4.1%
424 E. 73rd St., New York, NY
315 & 317 E. 89th St., New York, NY
22 Unit Apartment Buildings For Sale
22 Unit Multifamily
Berkshire Hathaway Westchester Properties Commercial Group is pleased to exclusively present 315 & 317 East 89th Street, pre-
war classic brownstone apartment buildings in the Yorkville neighborhood on the Upper East Side section of New York City.
The exterior of the building is brown sandstone, featuring arched windows. These two 5-story walkup buildings with 22 apartments
are located on a beautiful tree-lined street between 1st Avenue and 2nd Avenue.
The units are a mix of 2 studios, 2 1-bedroom and 18 3-bedroom apartments, with 17 apartments gut renovated and 4 garden apartments. Fully upgraded electricals, new boiled and burner (2019). Total EGI is approximately $670,000.
This property has never been on the market and in the same family for over 60 years. This is a unique opportunity for an investor seeking to acquire a quality residential income asset in NYC for their portfolio. Please call for more information.
PROPERTY DETAILS
Phil Biancavilla Associate Broker
(914) 329-5692 [email protected]
Veronica Meola Broker
(914) 523-8952 [email protected]
484 White Plains Rd., Eastchester, NY 10709
Tel: 914-779-1700 Fax: 914-961-4440
The information contained herein has either been provided to BHHS Westchester Properties by the owner of the property or obtained from sources that we deem reliable. We make no
representations or warranties, expressed or implied, as to the information. Buyer must verify the information and bears all risk for any inaccuracies.
424 E. 73rd St., New York, NY 20 Unit Apartment Building
For Sale
20 Unit Apartment Building
Berkshire Hathaway Westchester Properties Commercial Group is pleased to exclusively present 424 East 73rd Street, a 20 unit apartment
building in the Lenox Hill neighborhood on the Upper East Side section of New York City. This brick, 5-story walkup building with marble
lobby is located between York and 1st Avenue near MSK and NYU hospitals.
The units are all 1-bedoom, 3-room apartments with tenant storage in the basement. Total EGI is approximately $430,000. Several of the apartments have been renovated.
This property has not been on the market for over 40 years and presents a unique opportunity for an investor seeking to acquire a quality residential income asset in NYC for their portfolio. Please call for more information.
PROPERTY DETAILS
Phil Biancavilla Associate Broker
(914) 329-5692 [email protected]
Veronica Meola Broker
(914) 523-8952 [email protected]
484 White Plains Rd., Eastchester, NY 10709
Tel: 914-779-1700 Fax: 914-961-4440
The information contained herein has either been provided to BHHS Westchester Properties by the owner of the property or obtained from sources that we deem reliable. We make no
representations or warranties, expressed or implied, as to the information. Buyer must verify the information and bears all risk for any inaccuracies.
Phil Biancavilla Associate Broker
(914) 329-5692
Veronica Meola Broker
(914) 523-8952
484 White Plains Rd., Eastchester, NY 10709
The information contained herein has either been provided to BHHS Westchester Properties by the owner of the property or obtained from sources that we deem reliable. We make no
representations or warranties, expressed or implied, as to the information. Buyer must verify the information and bears all risk for any inaccuracies.