Hotel, Multifamily, high cap rate, commercial real estate, reach international hotel investors.hotel and housing development site, New York City hotel for sale. distressed commercial properties in new york city, manhattan, for sale.

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Kinui Organization Inc.
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Cap Rate 5.37%(純利益率）


$4,750,000.00
Location Features

Midtown East
US

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Status: Available
Lot Size: 2511.00 Sq. Ft.
Living Area: 9500.00 Sq. Ft.
MLS ID#: 18972
Type: Commercial Property

Description
Property is a 21 unit mixed-use building, utilizing the basement as commercial space; currently an antique restoration shop. The 20 residential units above are all one-bedroom, with the exception of one studio. Of these, 14 are rent-stabilized. Currently, the rents are approximately 20% below market. Additionally, assumable financing is available. This is an ideal investment opportunity in the Sutton Place/UN neighborhood.
 
 

Michael Kinui
Kinui Organization Inc.
 Office: 914-703-2578

Email: michaelkinui@fixsell.net

The information presented here is deemed reliable, though not guaranteed.