225 E 58th St - Apartments FOR SALE


New York, NY 10022
$11,800,000 USD
646-933-2677
225 E 58th St, New York, NY for Sale
$11,800,000 USD
Apartments - FOR SALE
1/9
null | 3.61% Cap Rate

225 E 58th St
New York, NY 10022


HIGHLIGHTS

  • Fully leased mixed-use building with significant in-place income.
  • 10 Free market residential + 1 commercial store.
  • 2001 construction.
  • Tenant controlled HVAC / split units.
  • Duplex units, on-site laundry, bike storage, tenant storage.
  • Decorative Arts District, adjacent Bloomingdale's flagship.

OVERVIEW

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 225 East 58th Street (the "Property"). The Property is a premium turn-key mixed-use asset in the heart of Midtown Manhattan. The building features 10 free-market residential apartments and a retail store on the ground floor. The property was built in 2001 and features a full basement, shared roof deck, on-site laundry and bike storage. The Property has been meticulously maintained and offers a truly unique opportunity to acquire a premium asset with virtually zero required capital expenditure or renovation.

FOR SALE DETAILS

PRICE

$11,800,000 USD

PRICE/SF

$1,080 USD /SF

# OF UNITS

10

PRICE/UNIT

$1,180,000

CAP RATE

3.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R8B

APN/PARCEL ID

1332-0014

ASK ABOUT THIS PROPERTY

Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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