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7 Unit Income Generator- Limestone Landmark Building

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West 140's, New York, NY 10031
$1,200,000

Property Details

Property Description

Owner has filed Certifcate of No Harassment

7 unit investment property income generator.

All units are studios. The exterior and interior are loaded with beautiful original detailed molding, wainscoting, fireplaces and carvings. The fuel is oil/steam. Separate circuit breaker boxes and meters for each unit.

Rent Roll

Studio 1 N Rent = $1453.11 Lease Expires 8/31/11

Studio 2N Rent =$901 Lease Expires 12/31/11

Stiudio 2S Rent = $1332.38 Lease Expires 8/2/11

Stiudio 3N Rent = $1124.75 Lease Expires 2/19/11

Stiudio 3S Rent = $1053.18 Lease Expires 12/8/11

Stiudio 4N Rent = $1266.90 Lease Expires 11/30/11

Stiudio 4S Rent = $1026.85 Lease Expires 10/31/11

Super's Apt Rent = $300 - No Lease

Total Monthly Rent = $8,456.17

Total Annual Rent = $101,474.04

Expenses;

Electricity and Gas $2700

Water and Sewer $3600

Taxes $7639

Fuel $7500

Maintenance $1500

Vacancy Allowance $2500

Total Expenses; $25,439.

Net Income: $76,035.04

The building is a 17FT Wide legal 7 unit townhouse with 7 separate water meters, 7 gas and electric meters.

Building Specs:

Bldg: 17 X71,

Lot: 17 X 99.92,

Stories 4,

Zoning R7-2,

Building Class - C1

Taxes $7,639

Each apartment (one bedroom) is approx 570 SQFT.

All apartments are occupied.

Contact Elaine Perry 917 841-3230

 

 

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