Description

MIXED-USE BUILDING IN COLUMBUS CIRCLE AREA

Prime Location
Between 6th & 7th Ave
Heart Of Manhattan
Walking distance to Central Park, Fifth Avenue Shopping area, MoMa, Rockefeller Center and Broadway Theaters
Neighboring buildings are Le Parker Meridien Hotel, Carnegie Hall, Metropolitan Tower, City Spire Condo and the new 90-Story One57 Condo
20+ feet frontage in upscale neighborhood
Neighboring businesses are Starbucks, Air France, Bloomingdale’s, and NY Health & Racquet Club.

Walk Up Apartment Building, with retail restaurant store
9 units: one store and 8 residential apartments
Only 2 rent stablized units
100% occupied
5 stories above retail store

Gross Income Actual $490,870
Gross Rent Multiplier 16.7
Net Operating Income $410,100
CAP Rate 5.00%

Community District 105
City Council District 4

PRINCIPALS ONLY

New York Commercial Real Estate Services (NYCRS) has access to every building for sale in Manhattan.
NYCRS will show you the buildings that match your needs and financial requirements

Just as important, we have the talented, motivated agents with the industry relationships and Manhattan real estate experience to make your investment property search a success.
Please do not hesitate to give us a call or send us an email regarding this building or any investment property in Manhattan.

Broker Details:

L. Joseph Posner, MS, JD
Senior Vice President / Assoc. Broker
New York Commercial Real Estate Services LLC
25 Howard Street, 2nd Floor
New York, NY 10013
Email L.Posner@NYCRS.com
Cell phone: 917-501-4659 (call, voice message or text)
Direct Phone/Fax: 212-308-6004

ID #B750