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New York Investment Property


23 Unit Mixed-Use Corner Asset in East Harlem

  • Major Price Reduction - 23 Unit Mixed-Use Corner Asset in East Harlem
  • Prime Corner Asset with 50' Frontage on 3rd Avenue
  • Building Consists of 20 Apartments, 3 Retail Spaces, and One Income Generating Antenna
  • 10 Free Market Units, 9 Rent Stabilized Units, and 1 Rent Controlled Unit
  • 20,000 SF Existing
  • 18,000+ SF of Air Rights
  • Tremendous Value-Add play - Average Rent is 30% Below Free Market Value
  • Price:  $9,250,000
  • PPSF:  $462/ft
  • NOI:  $470,000

New York Investment Property


Vacant Lot Plus 3 Multifamily Buildings
 Yonkers, NY
Investment Opportunity 
Properties Unaffected  by New NYS Rent Laws

Asking Price: $2,450,000

One Vacant Lot Plus 3 Three Story High Apartment Buildings with 9 large Apartments, containing Two (4) Bedroom,  Five (3) Bedrooms, and Two (2) Bedroom Residential Apartments with a Gross total floor area of 8,642 Square foot. Vacant Lot is 3,049 Square Foot (0.07 Acres)
Units are Free Market Rent so Property is Unaffected by the New NYS Rent Laws. 

Financials- 3 Occupied Buildings
Actual Gross Income: 224,004 
NOI:                               141,699  
Cap Rate:                      5.9%
GRM:                             10.1x
ROI:                               8.67%/Year   
projected investor bank commercial mortgage financing
True ROE:                   15%/Year  Initial Cash On Cash Return on Equity Investment Including 

Long Term Projected
Proj. Gross Income:    240,300
NOI:                               161,055 
Cap Rate:                      6.7%
GRM:                             9.9x


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