64 W 85th St - Apartments FOR SALE
New York, NY 10024 |
64 W 85th St
New York, NY 10024
HIGHLIGHTS
- Priced aggressively, to sell at an attractive 5.26% Cap Rate with a Proforma Cap Rate of 5.7%.
- Recent major capital improvements; Domestic Water and Fire Sprinkler service. New Boiler/Hot Water systems.
- Excellent coveted location, nestled on a treed-lined street, one half block from the entrance to Central Park.
- The current gross monthly rental income is below market value.
- 2024/2025 Real Estate Tax Appeal pending, assumable.
- The building offers various development opportunities which include conversion to; Single Family Residence or owner occupied with rental income.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
7764
STORIES
6
YEAR BUILT
1900
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
1198-0057
