96 Bowery
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96 Bowery
9,850 SF 100% Leased Office Building New York, NY 10013 $10,107,200 ($1,026/SF) 4% Cap Rate
Investment Highlights
- heavy daytime foot traffic
- key-in elevator building
- lots of natural light
- prime chinatown area
Executive Summary
Located in Prime Chinatown Area
-Between Hester and Grand Street
-Key in elevator building
-5 stories
-Ground floor tenant is currently a restaurant
-Second floor features high ceilings
-Between Hester and Grand Street
-Key in elevator building
-5 stories
-Ground floor tenant is currently a restaurant
-Second floor features high ceilings
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$561,774
|
$57.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$561,774
|
$57.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$157,486
|
$15.99
|
| Net Operating Income |
$404,288
|
$41.04
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $561,774 |
| Annual Per SF | $57.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $561,774 |
| Annual Per SF | $57.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $157,486 |
| Annual Per SF | $15.99 |
| Net Operating Income | |
|---|---|
| Annual | $404,288 |
| Annual Per SF | $41.04 |
Property Facts
Sale Type
Investment
Property Type
Building Size
9,850 SF
Building Class
C
Year Built
1910
Price
$10,107,200
Price Per SF
$1,026
Cap Rate
4%
NOI
$404,288
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
1,970 SF
Slab To Slab
10’
Building FAR
3.77
Land Acres
0.06 AC
Zoning
C6-1G
Amenities
- Bus Line
- Metro/Subway
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 | 0239-0035 | Improvements Assessment | $759,150 |
| Land Assessment | $282,150 | Total Assessment | $1,041,300 |
PROPERTY TAXES
Parcel Number
0239-0035
Land Assessment
$282,150
Improvements Assessment
$759,150
Total Assessment
$1,041,300
-
Leon Tsoi -
Kinyu Realty
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96 Bowery
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