Description
SIZE: 20' x 102' BUILT: 20' x 76' including 5 story extension LOCATION:Between Amsterdam and Columbus Ave. BLOCK/LOT: 1147/128ZONING: R8BASKING PRICE: 6,995,000DESCRIPTION: Located on a prime West 70's block, this incredibly well maintained 20' wide house has been renovated into four 3 BDRM apartments and one 4 BDRM apartment. Rents average 5,000 monthly for each apartment plus with individual HVAC packs each tenant pays their own heat and electric. All leases expire in less than one year so this property offers great cash flow or conversion to meet your needs. Both the garden duplex and penthouse duplex offer wonderful outdoor space while each apartment has a WBFP. Rent Roll *All units delivered vacant. 1 4,600 3BR/3BA duplex with garden Lease Exp. 1 year Proj.Value 6,000 2 4,600 3 BR/2BA/WBFP Lease Exp. 1 year Proj. Value 4,8003 4,500 3 BR/2BA/WBFP Lease Exp. 1 year Proj.Value 4,8004 4,500 3 BR/2BA/WBFP Lease Exp. 1 year Proj.Value 4,800PH 5,600 4 BR/3BA/WBFP duplex w/ roof deckLease Exp. 1 year Proj. Rent 6,200 Total Income: 23,800 Monthly 285,600 Annually 319,200 Proj. AnnualEXPENSES:Real Estate Taxes (2006-07) 43,542-------Electric: 1,000Super: 2,400---------------------------------Insurance: 3,500Water: 2,400*Note: Each apartment has its own gas fired HVAC for heat/hot water paid by tenant
