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 5.45%(純利益率）


$4,750,000.00
Location Features

Manhattan, NY US
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Status: Available
Lot Size: 2300.00 Sq. Ft.
Living Area: 9100.00 Sq. Ft.
MLS ID#: 18976
Type: Apartment

Description
A six story walk-up building with twenty (20) apartments and one (1) commercial unit. The residential units are configured as twenty (20) studios. Six (6) of the apartments are of free market status, thirteen (13) apartments are rent stabilized and one (1) tenant is rent controlled. The average residential rent is $1,593 per month. The property also benefits from some additional air rights that may be used for future development. The property is ideal for an investor seeking upside potential or a long term hold
 
 

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

Email: michaelkinui@fixsell.net

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