Garden Apartment Complex 95 Units 1 & 2 Bedroom Apartments 100% On-Site Parking Tenants Pay All Utilities $55K Per Unit Over $2MM In Capital Improvements Cap Rate based on Pro-Forma financials.
100% Occupied Five Story (Actually 6) Apartment Building Portfolio Containing a Total of 20 Rent Stabilized Apartments 12,500 Total Usable Apartment Square Footage Almost all rents are received from various agencies
100% OCCUPIED, 6 story brick walk up apartment building plus basement containing 20 apartments & 2 retail stores converted to live/work units containing approximately 750 square feet each. $28,000,000 CONDOMINIUM VALUE of the property 14% Projected Potential Projected Cash On Cash Return On Investment If Buyer Develops Available Areas & Maximizes Rents Big Upside!! 1 rent controlled tenant pays only $101 monthly, Plus 2 rent stabilized tenants pays only $569 & $669 monthly.
33% Projected Condominium Return On Investment; 16% Projected Return on Equity (Self Managed True Initial Cash On Cash Return on Equity Investment Including Net Income After Debt Service PLUS Add Back Vacancy Allowance, Collection Loss, Replacement Reserves, TILC, 3% Management Fee Plus Amortization Principal Reduction From Debt Service) DESCRIPTION: Brand New 2009 construction, 97% Occupied, 7 Story Luxury Doorman Elevator brick apartment, mixed use, commercial, office, medical and retail building with 89,600 Total Usable Square Feet containing 63 Luxury Apartments with 50,788 Square Feet of Usable Residential Square Footage, plus 13 with Exterior Usable Terraces/Balconies totaling 3,873 square feet, and; 4,402 Square Feet of Street Level Retail Space; 16,060 Square Feet of 2nd & 3rd Floor Medical Office Space and 15,000 Square Feet of Interior Parking for 80 Cars. PROJECTED CONDOMINIUM SELLOUT VALUE: $69,700,000
Bright & Sunny 4-story 100 foot corner walk up apartment building with 42 residential units. 4% ROE=Return on Equity Now & 10% Projected Future ROE 6% ROE to Self Managed Buyer & 13% Projected Future ROE Self Managed $4,530,000 Projected Profit If Buyer Converts to Condominiums After Return of Purchase Price
40% Below Comparable Sales See BOV Broker Opinion of Value Appraisal Newly Renovated 3 Story Walk-up Apartment Building plus Above Ground Basement with 8 Large 3 and 2 Bedroom Residential Apartments Totaling 7,593 Square Feet. Tenants pay their own heat and hot water making this property incredibly profitable.
Great Upside!!!!!!!!! 8 family for sale in Ridgewood, Queens, NY. All 3 Bedroom Apartments! Completely renovated building Modern Bathrooms and Kitchen Roof and Heating (oil) less than 5 years old one apartment delivered vacant Very low occupancy Note to brokers: Commission must be paid by your buyer
Well maintained three story 13 units brick building with large parking lot. All one bedroom units. Recent improvements include electrical upgrade, new boiler, Brick pointing and new pavement. Six garages and 11 surface space totaling 17 car parking lot. room for additional spots and a fourteenth unit. Lot entry from Chauncey Ave. Potential subdivision and build out for property on Chauncey Ave. Owner will hold 1st mortgage with 25% down!
This property consists of a one and two story mixed use retail/residential building containing an estimated 8,700 s/f. 1st floor : 5,000 s/f (4,400 office space + 2 car garage (400s/f) + add'l 200 s/f office + 4,000 s/f basement modern office space) Also, 4 apartments (1 rent controlled) Projected rent on 3 apts is $2,000 per month ea. apt Office for lease $25 per s/f ( Tax Map Number: Section: 9, Block 403, Lot 26)
Large TWO FAMILY detached building plus finished basement plus finished livable attic PLUS garage and yard. Property size 30'x100' building size 22'x65'. Total sq. ft 2,860 Stories 2.5 Separate entrances from both sides of the building. Main staircase for second floor and side staircases for second and attic. Parquet floors, NEW roof, new boiler, new electricity etc.