Located in the heart of Chelsea,this five-story plus duplex,mixed-use building benefits from a tremendous amount of foot traffic on Seventh Avenue. The property comprises retail on the ground floor, community facility use on the second floor and five residential units above. The ground floor currently has a lease ($151/SF) with one year remaining and one five-year option. The second floor is designated as community facility use and the residential units average $79/SF in annual rent. The entire property was recently renovated,making this an ideal opportunity for an investor to purchase a turn-key asset.
This property is a 6 story building with 12 residential apartments built 6,900 SF with additional FAR of 2,306 square feet. There are 3 rent stabilized and 1 rent controlled apartment creating tremendous upside, along with four units delivered vacant at closing. The building utilizes gas heat.
This is a new great package of 38 Single Family Homes, 100% occupied, 97% of the tenants are section 8 (the government pays the rent), With an average of 18% return. All properties are in a walking distance from each other, Each property has been renovated and complies with section 8 requirements. We represent a group of investors that collaborate with other major investors who have interest in building a large portfolio of single and double family houses in the Buffalo-Niagara Falls, NY area. There are over 600 investors at our disposal with an impressive inventory in this area. This group can create and build any type or size portfolio that would suit you. Essentially, we buy properties for all-cash and then renovate them and fill them with excellent tenants. All these properties are off-market, with tenants in place. The Cap Rate is above 14%. All of them are in good locations with no need of rehab.
245 Martense presents the rare opportunity to own a large and high income producing 8 family building on the border of Lefferts-Garden & Flatbush in Brooklyn, NY. This building is a very low maintenance investment with the potential to be optimized even further. The 25ft wide x 86ft building is on a 25ft x 100ft lot. Each floor has two floor-thru units with a layout potential for up to 3 bedrooms each. There is even a finished basement that can be used for storage or Super' s quarters. Six of eight units are currently free market with the remaining two stabilized units very close to free market status. Four of the units have been fully renovated. There is a brand new roof, boiler (Gas), dual water heaters, skylight, intercom/buzzer system and windows throughout. All tenants pay via auto debit on the first of the month. The building grosses approximately $175k and nets approximately $135k with an optimized cap rate well above 7%. This building is a great 1031 exchange candidate as well. Full Financial Setup can be requested.
Price Upon Req.33,000 SF
Property Description: Three-story brick building approximately 33,000 Sq Ft. Property has 31 units plus 3-retail with elevator. All one-bedroom, currently running at 100% occupied.
AWESOME DEVELOPMENT OPPORTUNITY in WILLIAMSBURG! 3 Fam Brick + 2 Fam. Brick & Store SOLD TOGETHER 5 Residential Units, 1 Commercial Space Lot size: 44 x 86ft Building size (*2 buildings): 44 x 45ft *1st Floor at 449 Keap St is fully built out TOTAL BUILDABLE SF: 11,353 FAR: .94; MAX FAR: 3 Zoning: M1-2/R6A/MX-8 447 KEAP ST (3 Fam. Brick): Apt 1 (1Br w/ Yard) $2,500/mo Apt 2 (2Br) $2,300 (month to month lease) Apt 3 (2Br) $2,300 (month to month lease) 449 KEAP ST (2 Fam. Brick + Store): Store (2200 sf, storage in rear): Vacant Apt 2 (3Br + 800 sf Deck): Vacant Apt 3 (2Br): Vacant
10-Unit Manhattan-Style Apartment Building. Extensive rehab, beginning with complete re-wiring of all electric, and is high-end all the way down to the cosmetic finishes All new kitchens with wood cabinetry, granite countertops and stainless steel appliances. New hardwood flooring and new bathrooms. Inquire for more details and Offering Memorandum.
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 One Rent control with Screa credit brings rent up to $1,100 apx. Note to brokers: Commission must be paid by your buyer
Price Upon Req.12,000 SF
14-19 residential units, Building is approximately 12,000 sq. ft. 1 Retail space 954 Sq. ft 4 parking spots as required. 22 parking spots for the residential units Currently office spaces on the second floor, we are filling applications to change the office use to residential with the planing board. When approved we will have 14-19 residential units, (1 retail and 26 parking parking spots that are currently in place)
The subject property consists of 20 apartments, plus lower level parking garage. Apartments range from studio - two (2) bedroom units. Present owner shall retain 10,000 s/ft. on the garden level.The building is conveniently located one mile from Kennedy Airport and only 20 miles from New York City. It is easily accessible from all major parkways and has great visibility.