214 5th Ave
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214 5th Ave
16 Unit Apartment Building $3,749,999 ($234,375/Unit) 5.76% Cap Rate Pelham, NY 10803
Investment Highlights
- A Jewel: 14 Residential Brick Mixed Use Bldg/14 Residential Units/Free Market Rent Building, Verify with Village/Town of Pelham.
- Classic Village Setting/borders NYC, Very close walk to Pelham Train Station and very close walk to many amenities.
- Spacious, Very Hi Ceiling Entry & Hallway. 2 commercial units, Very Hi Ceils each w/Private street entry also own interior hall entry.
Executive Summary
214 Fifth Avenue, Pelham, NY 10803, A Brick Apartment Building is located in the heart/center of Village of Pelham/Town of Pelham, Westchester County! On the border of NYC where there is lots of shopping and amenities! Bus Lines so close. Commuter Train Station walk to it approx. 8-10+ minutes. Walk to renowned gourmet DeCicco's Food Market; walk to shops/stores, cafes/restaurants, medical/dental, offices, salons, park, etc. Street/metered parking + See Online Village Of Pelham Parking,there might be interior parking lots, need to apply. This Classic Gem of a Building: Stately Brick Bldg/Double Red Door/Fan Shaped Window Above Door: Per Ownership/Free Market Rent Building. TOTAL 16 UNITS/14 RESIDENTIAL APTS. + 2 COMMERCIAL UNITS, building (9 two bedroom apts & 5 one bedroom apts). Most apts have month to month leases, currently. 2 Ground Level Commercial Spaces occupied with own entry & own bathroom. Building entry lobby expansive as well as marble/limestone staircases. Classic mosaic tile from entry and throughout. Spacious floor landings with Large windows. Basement has washing machine/dryer hooks ups, plus electricity meter for each apt and the 2 commercial units. Total 16 electricity meters in own room in basement. 14 Gas meters (the 14 residential units have gas stoves) and gas meters located in it's own room in basement. Oil Heat & serviced furnace. Appears to be above ground Oil tank in basement. Various basement spaces & electricity on in basement.
IMPORTANT: Information obtained from ownership is deemed reliable as well as information obtained online/Village of Pelham but always subject to independent verification. Possibility that elevator existed on property at one time, but verify with Village and Town of Pelham. Tax card shows bldg built in 1980. This property is offered potentially as a package w/231 6th Avenue (Multi Family), separately priced @$1Million, located around the corner/two lots away. 231 6th Ave is CORNER PROPERTY/DOUBLE LOT, AT LEAST 12 NUMBERED PARKING SPACES + 2 CAR GARAGE W/ Loft. downtown Please see info under 231 6th Avenue, Pelham, NY. These are separate properties and can be sold separately. Email agents regarding status.
IMPORTANT: Information obtained from ownership is deemed reliable as well as information obtained online/Village of Pelham but always subject to independent verification. Possibility that elevator existed on property at one time, but verify with Village and Town of Pelham. Tax card shows bldg built in 1980. This property is offered potentially as a package w/231 6th Avenue (Multi Family), separately priced @$1Million, located around the corner/two lots away. 231 6th Ave is CORNER PROPERTY/DOUBLE LOT, AT LEAST 12 NUMBERED PARKING SPACES + 2 CAR GARAGE W/ Loft. downtown Please see info under 231 6th Avenue, Pelham, NY. These are separate properties and can be sold separately. Email agents regarding status.
Property Facts
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Basement
Site Amenities
- Security System
- Gas Range
- On-Site Retail
- Trash Pickup - Curbside
- Vintage Building
- Wi-Fi
- Storage Space
- Bicycle Storage
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 2+1 | 9 | - | - |
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Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 4403-163-036-00002-000-0027 | Improvements Assessment | $1,699,000 |
| Land Assessment | $152,000 | Total Assessment | $1,851,000 |
PROPERTY TAXES
Parcel Number
4403-163-036-00002-000-0027
Land Assessment
$152,000
Improvements Assessment
$1,699,000
Total Assessment
$1,851,000
zoning
| Zoning Code | B1 (Mixed Use) |
| B1 (Mixed Use) |
-
Gloria Mary Filippo -
Christie’s International Real Estate Group, Inc.
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214 5th Ave
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