520 Ninth Ave - Apartments FOR SALE


New York, NY 10018- Garment District
$5,500,000 USD
212-750-3322
520 Ninth Ave, New York, NY for Sale
$5,500,000 USD
Apartments - FOR SALE
1/14
null | 5.5% Cap Rate

520 Ninth Ave
New York, NY 10018
Garment District


HIGHLIGHTS

  • Close proximity to the A/C/E, 1/2/3 & 7 trains at Times Square.
  • Bryant Park located three blocks east and the Hudson River piers three blocks west.

OVERVIEW

Unique opportunity to purchase a fully leased gut renovated prewar building with one office/ retail space on the ground floor and 3 floor through brand new 2 bed/ 2 bath residential units with top-of-the-line appliances and finishes. See income and expense details below. Located in in between the Times Square and Hudson Yards neighborhoods and in close proximity to the A/C/E, 1/2/3 & 7 trains at Times Square and few blocks to Penn Station. Whole Foods, Hudson Yard Mall, Brooklyn Fare & Ideal Market grocery store are located within the neighborhood, as is the Hudson River Greenway, High Line as well as the best that New York is most famous for: theatrical shows and performances, fine dining, delicious affordable dining, clothing and food shopping for all budgets, and sky-high buildings and hotels. Additionally, for outdoor lovers, you also have Bryant Park located three blocks east and the Hudson River piers three blocks west.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$1,524 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,100,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

C1-7A

APN/PARCEL ID

0762-0071

ASK ABOUT THIS PROPERTY

Asher AlcobiPETER * ASHEMore Info
212-750-3322

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Asher AlcobiPETER * ASHEMore Info
212-750-3322

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