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 6.34%(純利益率）


$3,495,000.00
Location Features

1st Ave, upper east
Manhattan, NY US

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Status: Available
MLS ID#: 19526
Type: Apartment

Description
The subject property is a four-story mixed-use building located on the west side of First Avenue Upper East Side that presents a unique opportunity in today’s market because of the upside in the rent stabilized rents and the future potential to reconfigure the units because of the large portion of free market units. The owner can also add a fifth floor as of right and has an additional 12,750 square feet of development rights. The building contains thirteen (13) residential units of which nine (9) are Free Market and four (4) are Rent Stabilized and one (1) commercial unit.
 
 

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

Email: michaelkinui@fixsell.net

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