DOUBLE-WIDE GRAMERCY BUILDING
Two 25'x99' lots hold this spectacular 50'x80' rental property! Comprised of 2 six-story, walk-up buildings with 4 stores. 38 apartments (7 are duplexes) - 37 occupied. Most apartments have been gut renovated and have state of the art upgrades. The building has updated: Plumbing, electric, facade, entry doors, and hallways. Boiler rebuilt in 2007. New roof, windows and wood flooring throughout. Est. Net Annual Profit: $1,104MM for a ROI of 6.8%!!!. Seller will hold 2nd mortgage for qualified buyers.
Todd Buchanan
Lic. Assoc. R.E. Broker
Sr. Vice President
Halstead Property, LLC
(212) 381-4204
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Halstead. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million. Halstead represents the seller/owner on Halstead's own exclusives, except if another agent of Halstead represents the buyer/tenant, in which case Halstead will be a dual agent with designated agents representing seller/owner and buyer/tenant. Halstead represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Halstead treats all parties fairly and honestly. Halstead actively supports equal housing opportunities.
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