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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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