82 East 3rd Street, NewYork City, New York 10003
12.38% Proj. Return On Investment- 22 Unit E.Village
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Property Description

6 story brick walk up apartment building plus basement containing 20 apartments & 2 retail stores converted to live/work units containing approximately 750 square feet each.$35,000,000 CONDOMINIUM VALUE of the property. 10.84% Projected Potential Projected Cash On Cash Return On Investment If Buyer Develops Available Areas & Maximizes Rents Big Upside!! 1 rent controlled tenant pays only $101 monthly has moved to Brazil, unit to be destabilized and rent increased. Plus 1 rent stabilized tenant pays only $643 monthly.

Property Details

Price:17500000
No. Units:22
Building Size:2 SF
Price/Unit:$108,333.33
Property Type:Multi-Family
Property Sub-type:Mid/High-Rise
Property Use Type:Investment
Cap Rate:4.1%
Gross Rent Multiplier:23.03
Occupancy:100%
No. Stories:6
Year Built:1910
Lot Size:2 SF

Units

Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
1 Bedrooms20
3 Bebrooms2

Financial Summary

Scheduled Gross Income$777
Effective Gross Income$777
Operating Expenses$68046
Net Operating Income$709

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired