159th St, New york, NY
Multi-family for Sale - $2,400,000 - 10,000 Sq. Ft. on 0.23 acres
Property Info
| CIMLS# | 120111 |
| Location 159th St New york NY 10032 | |
| Updated | January 8th, 2010 |
| Type | Multi-family |
| Price | $2,400,000 |
| Building | 10,000 Sq. Ft. |
| Land | 0.23 acres |
Property Description
Washington Hts-Amsterdam Avenue & W159th St- 8.20% Cap Rate (Inwood / Wash Hts)
Washington Heights
8.20% Cap Rate
Amsterdam Avenue is a six (6) story mixed-use building located on the west side of Amsterdam Avenue between West 159th and 160th Streets. The building contains seventeen (17) rent-stabilized residential units, two (2) commercial units and a legal super s unit in the basement. Of the building s residential units, there are sixteen (16) two-bedroom, and one (1) one-bedroom apartments. The property has been well maintained and offers spacious two-bedroom units with hardwood floors, as well as a common laundry room for tenants. Steps away from numerous landmarks and institutions such as Jumal Terrace.
Gross Inc $307,578
Less Vacancy Rate $9,227
Gross Operating inc $298,351
Less Expenses $101,615
NOI $196,736
Call for Setup
CALL: Andrew Parker
Licensed Broker
New York Commercial Real Estate Services, LLC
646.307.6441 o 516-474-1981 c
andrew.parker@nycrs.com
Listing # 301
