LANA | 515 9th Ave
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LANA 515 9th Ave
108 Unit Apartment Building For Sale New York, NY 10018
Investment Highlights
- 108 Units Free Market Multifamily in Hudson Yards
Executive Summary
The Anton Group at Marcus & Millichap, as exclusive agent to ownership, is pleased to offer for sale the residential condominium unit within The Life at Hudson Yards (“The Property”). Built in 2014, The Property is a 108 unit, 89,511 square foot luxury multi-family condominium, which shares a building with The Cassa Times Square hotel (Floors 2-4). The building also includes retail, parking,
and community facility condominiums. Only the residential condominium is included in this offering. The Property is an ambitiously re-envisioned boutique development in the heart of Hudson Yards. The 108 units range from studios to three bedroom apartments, all located on floors 5-12. The building includes a full service, 24/7 concierge, fitness center, storage space and a magnificent rooftop
amenity designed by Future Green. The current 421a tax abatement expires in June 2022. Every new or expiring lease will be deregulated and free market after this date. Over the past five years, boosted by $25+ billion of private and public spending, the Hudson Yards neighborhood has become Manhattan’s premier live-work-play destination. The Property’s next owner will be able to take full advantage of market appreciation in the City’s fastest growing neighborhood.
and community facility condominiums. Only the residential condominium is included in this offering. The Property is an ambitiously re-envisioned boutique development in the heart of Hudson Yards. The 108 units range from studios to three bedroom apartments, all located on floors 5-12. The building includes a full service, 24/7 concierge, fitness center, storage space and a magnificent rooftop
amenity designed by Future Green. The current 421a tax abatement expires in June 2022. Every new or expiring lease will be deregulated and free market after this date. Over the past five years, boosted by $25+ billion of private and public spending, the Hudson Yards neighborhood has become Manhattan’s premier live-work-play destination. The Property’s next owner will be able to take full advantage of market appreciation in the City’s fastest growing neighborhood.
Data Room Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 0.35 AC |
| No. Units | 108 | Building Size | 89,511 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 12 |
| Apartment Style | Mid Rise | Year Built | 2014 |
| Building Class | B | Parking Ratio | 0.01/1,000 SF |
| Sale Type | Investment |
| No. Units | 108 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 89,511 SF |
| Average Occupancy | 100% |
| No. Stories | 12 |
| Year Built | 2014 |
| Parking Ratio | 0.01/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Tub/Shower
- Views
- Freezer
- Garden
Site Amenities
- 24 Hour Access
- Controlled Access
- Concierge
- Fitness Center
- Doorman
- Roof Terrace
- Storage Space
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 31 | - | - |
| 1+1 | 61 | - | - |
| 2+2 | 12 | - | - |
| 3+2 | 4 | - | - |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,011,256 | |
| Land Assessment | $1,353,064 | Total Assessment | $1,381,058 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,353,064
Improvements Assessment
$1,011,256
Total Assessment
$1,381,058
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LANA | 515 9th Ave
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