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 8.1%(純利益率）


$2,000,000.00
Location Features

Yonkers, NY US
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Status: Available
Lot Size: 6150.00 Sq. Ft.
Living Area: 13200.00 Sq. Ft.
MLS ID#: 19307
Type: Apartment

Description
14 Highland Avenue is a very well maintained five (5) story brick walkup apartment building with twenty - two (22) units. There are (9) Studio units, (9) 1-bedroom units, (1) 3-bedroom unit and (3) 4-bedroom units. The building is located just off S Broadway offering tenants easy access to public transportation and retail shopping. The building has been well maintained by longtime ownership and all units and common areas are in excellent condition.
Expenses
Real Estate Taxes: $24,848
Insurance: $7,887
Water/Sewer: $2,343
Fuel: $25,205
Electric: $1,800
Repairs/Maintenance: $11,000
Management Fees: $11,001
Vacancy: $13,751
Super: $10,800
Total Annual Expenses: $112,761
Investment Information
Gross Annual Income: $275,028
Less Total Expenses: $112,761
Net Operating Income: $162,267
Summary
Price Per Sq Ft: $151

Capitalization Rate: 8.10%

Gross Rent Multiple: 7.27
 
 

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

Email: michaelkinui@fixsell.net

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