1154-1156 Greenfield Ave
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1154-1156 Greenfield Ave
4,422 SF 100% Leased Office Building Pittsburgh, PA 15217 $680,000 ($154/SF) 8.30% Cap Rate
Investment Highlights
- heavy daytime foot traffic, Corner lot building, easy access to parkway/Interstate, Grocery store with in 100 yards of building
- Rare 3 bedroom city apartments, Walking distance to restaurants, large picture windows, access to Squirrell Hill Plaza
Executive Summary
This newly renovated 4 unit building is located on the corner of Greenfield Avenue and Hazelwood Avenue. Located in the central business district of Greenfield, this property includes two newly renovated apartments, each three bedroom and one bath units. The apartments feature an open floor plan with new kitchen, bathroom, flooring, paint and mechanicals, including new plumbing, electrical and HVAC system. Two first floor commercial spaces with established local businesses are leased through the next three years at below market rent.
Data Room Click Here to Access
Financial Summary (Actual - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,422 SF
Building Class
C
Year Built/Renovated
1981/2022
Price
$680,000
Price Per SF
$154
Cap Rate
8.30%
NOI
$56,445
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,474 SF
Slab To Slab
13’
Building FAR
1.69
Lot Size
0.06 AC
Zoning
LNC - LOCAL NEIGHBORHOOD COMMERCIAL
Parking
4 Spaces (0.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Convenience Store
- Kitchen
- Hardwood Floors
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Smooke Chiropractor
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Smooke Chiropractor | Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 0088-E-00151-0000-00 | Total Assessment | $218,900 (2024) |
| Land Assessment | $47,800 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $171,100 (2024) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
0088-E-00151-0000-00
Land Assessment
$47,800 (2024)
Improvements Assessment
$171,100 (2024)
Total Assessment
$218,900 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021
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1154-1156 Greenfield Ave
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