214 5th Ave - Apartments FOR SALE


Pelham, NY 10803
$3,749,999 USD
646-946-0227
214 5th Ave, Pelham, NY for Sale
$3,749,999 USD
Apartments - FOR SALE
1/4
null | 5.76% Cap Rate

214 5th Ave
Pelham, NY 10803


HIGHLIGHTS

  • A Jewel: 14 Residential Brick Mixed Use Bldg/14 Residential Units/Free Market Rent Building, Verify with Village/Town of Pelham.
  • Spacious, Very Hi Ceiling Entry & Hallway. 2 commercial units, Very Hi Ceils each w/Private street entry also own interior hall entry.
  • Classic Village Setting/borders NYC, Very close walk to Pelham Train Station and very close walk to many amenities.

OVERVIEW

214 Fifth Avenue, Pelham, NY 10803, A Brick Apartment Building is located in the heart/center of Village of Pelham/Town of Pelham, Westchester County! On the border of NYC where there is lots of shopping and amenities! Bus Lines so close. Commuter Train Station walk to it approx. 8-10+ minutes. Walk to renowned gourmet DeCicco's Food Market; walk to shops/stores, cafes/restaurants, medical/dental, offices, salons, park, etc. Street/metered parking + See Online Village Of Pelham Parking,there might be interior parking lots, need to apply. This Classic Gem of a Building: Stately Brick Bldg/Double Red Door/Fan Shaped Window Above Door: Per Ownership/Free Market Rent Building. TOTAL 16 UNITS/14 RESIDENTIAL APTS. + 2 COMMERCIAL UNITS, building (9 two bedroom apts & 5 one bedroom apts). Most apts have month to month leases, currently. 2 Ground Level Commercial Spaces occupied with own entry & own bathroom. Building entry lobby expansive as well as marble/limestone staircases. Classic mosaic tile from entry and throughout. Spacious floor landings with Large windows. Basement has washing machine/dryer hooks ups, plus electricity meter for each apt and the 2 commercial units. Total 16 electricity meters in own room in basement. 14 Gas meters (the 14 residential units have gas stoves) and gas meters located in it's own room in basement. Oil Heat & serviced furnace. Appears to be above ground Oil tank in basement. Various basement spaces & electricity on in basement. IMPORTANT: Information obtained from ownership is deemed reliable as well as information obtained online/Village of Pelham but always subject to independent verification. Possibility that elevator existed on property at one time, but verify with Village and Town of Pelham. Tax card shows bldg built in 1980. This property is offered potentially as a package w/231 6th Avenue (Multi Family), separately priced @$1Million, located around the corner/two lots away. 231 6th Ave is CORNER PROPERTY/DOUBLE LOT, AT LEAST 12 NUMBERED PARKING SPACES + 2 CAR GARAGE W/ Loft. downtown Please see info under 231 6th Avenue, Pelham, NY. These are separate properties and can be sold separately. Email agents regarding status.

FOR SALE DETAILS

PRICE

$3,749,999 USD

PRICE/SF

$270 USD /SF

# OF UNITS

16

PRICE/UNIT

$234,375

CAP RATE

5.76%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

B1

APN/PARCEL ID

4403-163-036-00002-000-0027

ASK ABOUT THIS PROPERTY

Gloria Mary FilippoChristie’s International Real Estate Group, Inc.More Info
646-946-0227

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Gloria Mary FilippoChristie’s International Real Estate Group, Inc.More Info
646-946-0227

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.