This Multifamily Property is no longer advertised on LoopNet.com.
5825 5th Ave
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
Property has a) 5 apartments (2 on 4th floor, 2 on 3rd floor, and 1 on 2nd floor), b) 1 office (2nd floor), and c) 4 retail stores (ground floor)
Great value add potential: Residential rents are 40% below market and present an opportunity to add value to the Property.
Low taxes & in future: the property's taxes are low for MX property on 5th ave & tax class 2B ensures increases will be very minimal
Free market property: DHCR Deputy Commissioner wrote a letter explicitly stating free market status
The property's 2nd floor will be delivered vacant & renovations can begin right at closing
PROPERTY FACTS
No. Units
4
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Mid-Rise
Building Class
B
Lot Size
0.05 AC
Building Size
8,190 SF
No. Stories
4
Year Built
1931
Zoning
R6A
AMENITIES
UNIT AMENITIES
SITE AMENITIES
PROPERTY TAXES
Parcel Number
00856-0001
Improvements Assessment
$676,800
Land Assessment
$19,800
Total Assessment
$696,600
