27-29 Madison St | New York, NY 10038
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27-29 Madison St
New York, NY 10038
Office Property For Sale
Investment Highlights
- Close to public transportation
- High Traffic Area
Executive Summary
Investment property with development opportunities with air rights, or air right can be sale separately , lot size 105x80 R7-2 zoning ,rent stabilization income , Mixed use property, price to sell, sell with buildable air right of 24,000 SFT , FAR 6.5 , lot size 7600 SFT, total buildable 49500 SFT , price per SFT $265 , current market price 1500 -1800 per SFT for new development ,
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Office/Residential
Building Size
25,559 SF
Building Class
C
Year Built
1900
Price
$13,000,000
Price Per SF
$509
Cap Rate
5%
NOI
$650,000
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
4,841 SF
Slab To Slab
10’
Building FAR
4.19
Lot Size
0.14 AC
Zoning
R7-2
Amenities
- Bus Line
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 0116-0043 | Improvements Assessment | $864,000 |
| Land Assessment | $264,150 | Total Assessment | $1,128,150 |
PROPERTY TAXES
Parcel Number
0116-0043
Land Assessment
$264,150
Improvements Assessment
$864,000
Total Assessment
$1,128,150
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