INVESTOR'S DREAM LOCATION IN GRAMERCY!
Be still my heart!! A group of buildings like this RARELY comes available!! This sale parcel consist of 3 six-story, walk-up buildings containing a total of 76 apartments with no retail on a quiet, tree & brownstone lined block near Gramercy Park, Beth Israel Hospital, shopping transportation and nightlife. The package is comprised of one 40'x92' (built 40'x82') building two 50'x92' (built 50'x78') buildings. All new building systems throughout including: boiler, intercoms, roof & windows - and all of the common areas have been renovated as well! There are 59 Free Market Rent (28 are 3BR & 17 are 2BR)apartments, along with 7 RS & 10 RC units. The family size apartments will offer a stable rental pool - so less turnover risk. The Estimated Net Profit in excess of $2,475MM results in an ROI of 5.5%. Seller will hold 2nd mortgage to 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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