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106 Avenue B
New York, NY 10009 Alphabet City

$3,000,000 USD

Apartments For Sale • 7,885 SF

Property Details

Property Type Apartments
Total Building Size 7,885 SF
Lot Size 0.04 AC
Building Class C
Year Built 1900
Cap Rate 6.67 %
Zoning R7A

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                Rent Stabilized Building in the East Village 
                            
                                8 Residential Apartments and 2 Ground Floor Retail Units 
                            
                                The building benefits from a low annual tax bill of $16,423, resulting in a below-average expense ration and strong in-place cash flow
                            
                                $384 per square foot, well below replacement cost, and provides investors with an attractive 6.67% capitalization rate
                            
                                The property will be delivered free of the AEP program, offering a clean path forward for future ownership.

Property Flyers

106 Avenue B OM (East Village)

Cap Rate:

6.67 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Delah Coffee		11/13/2035
Shinzo Sushi		10/1/2035

Public Transportation

Commuter Rail	Drive	Walk	Distance
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	4 min	-	1.2 mi
14 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	5 min	-	1.4 mi
Transit/Subway	Drive	Walk	Distance
1 Avenue (L - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
Astor Place (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	4 min	13 min	0.7 mi
Delancey Street (F - New York MTA Subway (The Subway))	3 min	13 min	0.7 mi
Essex Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	3 min	13 min	0.7 mi
Lower East Side-2 Avenue (F - New York MTA Subway (The Subway))	3 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	21 min	-	9.8 mi
Newark Liberty International	23 min	-	13.4 mi
John F Kennedy International	30 min	-	17.8 mi

Justin Zeitchik 718-360-8827 Investment Property Realty Group

106 Avenue B New York, NY 10009 Alphabet City