261 Bowery
3 Unit Apartment Building $6,995,000 ($2,331,667/Unit) 6.48% Cap Rate New York, NY 10002
EXECUTIVE SUMMARY
6.5% Cap Rate. Luxurious renovated 3 Story Mixed Use Building.
15,000 BSF Total. 10,000 SF of Air Rights Remain
~5,000 SF Above Grade
Fully Renovated Luxury Apartments with large private outdoor decks.
Property abuts the Public Hotel in the back
Located in Bowery/Nolita
Large Retail Space -Ideal for User.
User can obtain SBA504 Loan with ~90% LTV financing.
Steps from national retailers and the B,D,F,M,R,W Trains.
Contact Michael@Baselinerealestate.com or 631-235-9741 for more information
15,000 BSF Total. 10,000 SF of Air Rights Remain
~5,000 SF Above Grade
Fully Renovated Luxury Apartments with large private outdoor decks.
Property abuts the Public Hotel in the back
Located in Bowery/Nolita
Large Retail Space -Ideal for User.
User can obtain SBA504 Loan with ~90% LTV financing.
Steps from national retailers and the B,D,F,M,R,W Trains.
Contact Michael@Baselinerealestate.com or 631-235-9741 for more information
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
1 of 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 0427-0009 | Improvements Assessment | $262,440 |
| Land Assessment | $180,000 | Total Assessment | $442,440 |
ZONING
| Zoning Code | C6-1 (a commercial zoning district that allows for a variety of commercial and residential buildings.) |
