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Convert to Market Rate. 1 Vacant Apartment, 2 Expired Leases, Remaining 3 Leass Expire January 2014.
Classic 25 foot wide 6 Family Rent Stabilized townhouse. 4,893 SQFT of additional buidable air rights.Income:Rent Roll:1 studio and 5 one bedrooms. Unit 1 $1025 – Renovated Studio (tenacy 2 years),Unit 2 $680.28 – 1 bedroom (tenancy 8 years),Unit 3 $955 – 1 bedroom (tenancy 2 years),Unit 4 $743 -1 bedroom (tenacy 5 years),Unit 5 $1050 -1 bedroom (new tenant 3-months),Unit 6 $790 – 1 bedroom (tenacy over 1o years).Total Rent Roll: $5,243 per month, $62,919.36 per year.Expenses:Taxes: $6,241,Insurance: $3,000,Utilities $1,200,Heating Oil $4,000-$6,000,Water/Sewer $2,400.Total Expenses: $16,841.Net Income: $46,078.36.Building Specifications:Building dimensions 25 ft x 74 ft,Building SF 3,412,Lot dimensions 25 ft x 99.92 ftLot SF 2,498,Stories 2,Residential units 6,Year built 1920,Max allowed FAR 3.44,FAR as built 1.37,Maximum usable floor area 8,593,Schedule an appointment today with Elaine Perry at 917 841-3230. 24-48 hours notice required.
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