Mixed Use Multifamily | 90 Sullivan St
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Mixed Use Multifamily 90 Sullivan St
7,450 SF 97% Leased Retail Building Wurtsboro, NY 12790 $1,500,000 ($201/SF) 7.18% Cap Rate
Investment Highlights
- Fully Rented - Low,Low Vacancy Rate
- Property Fully Renovated
- Top Restaurant Tenant
Executive Summary
Beautiful Restaurant & 7 Newly Renovated Apartments with Metered Utilities.
Multiple Business Income Operations:
- Fully Rented Apartment Building, New, Updated, Top Quality Finishes.
- High Performing, Top-Shelf Restaurant Tenant. Restaurant renovated throughout. Including equipment, new bathrooms, commercial kitchen, bar, tables, flooring, outdoor dining area, sign systems, cable wiring.
7 - 1 Bedroom Apartments- Fully Renovated. All Units Have Metered Electric, new bathrooms, new kitchens, new appliances.
- CAP rate on all existing rented units 7.2%. Not including Ready Storage Rental Business. Additional $25,200 income available.
Multiple Business Income Operations:
- Fully Rented Apartment Building, New, Updated, Top Quality Finishes.
- High Performing, Top-Shelf Restaurant Tenant. Restaurant renovated throughout. Including equipment, new bathrooms, commercial kitchen, bar, tables, flooring, outdoor dining area, sign systems, cable wiring.
7 - 1 Bedroom Apartments- Fully Renovated. All Units Have Metered Electric, new bathrooms, new kitchens, new appliances.
- CAP rate on all existing rented units 7.2%. Not including Ready Storage Rental Business. Additional $25,200 income available.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,450 SF
Building Class
C
Year Built/Renovated
1977/2018
Price
$1,500,000
Price Per SF
$201
Cap Rate
7.18%
NOI
$107,682
Percent Leased
97%
Building Height
2 Stories
Building FAR
0.32
Land Acres
0.53 AC
Zoning
C1
Parking
40 Spaces (5.37 Spaces per 1,000 SF Leased)
Frontage
70 FT on Sullivan
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Self Storage unit - https://storitny.com/
Self Storage unit - https://storitny.com/
Self storage unit - https://storitny.com/
Self Storage Unit- https://storitny.com/
| Space | Size | Space Use | Position | Available |
| 1st Floor | 100 SF | Industrial | - | Now |
| 1st Floor | 50 SF | Industrial | - | Now |
| 1st Floor | 50 SF | Industrial | - | Now |
| 1st Floor | 25 SF | Industrial | - | Now |
1st Floor
| Size |
| 100 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 50 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 50 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 25 SF |
| Space Use |
| Industrial |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 100 SF |
| Space Use | Industrial |
| Position | - |
| Available | Now |
Self Storage unit - https://storitny.com/
1st Floor
| Size | 50 SF |
| Space Use | Industrial |
| Position | - |
| Available | Now |
Self Storage unit - https://storitny.com/
1st Floor
| Size | 50 SF |
| Space Use | Industrial |
| Position | - |
| Available | Now |
Self storage unit - https://storitny.com/
1st Floor
| Size | 25 SF |
| Space Use | Industrial |
| Position | - |
| Available | Now |
Self Storage Unit- https://storitny.com/
PROPERTY TAXES
| Parcel Number | 4003-106-0-0015-001-000 | Total Assessment | $225,500 |
| Land Assessment | $18,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $206,800 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4003-106-0-0015-001-000
Land Assessment
$18,700
Improvements Assessment
$206,800
Total Assessment
$225,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Bob Donnelly -
Keller Williams Valley Realty
1 of 36
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Mixed Use Multifamily | 90 Sullivan St
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