69 Gold St - Apartments FOR SALE


New York, NY 10038- Financial District
$42,500,000 USD
212-660-7706
69 Gold St, New York, NY for Sale
$42,500,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

69 Gold St
New York, NY 10038
Financial District


OVERVIEW

C&W has been exclusively retained to offer for sale 69 Gold Street in the Financial District neighborhood of Manhattan in New York, NY. The offering features a 17-story elevatored multifamily property with over 165’ of frontage along the east side of Gold Street, north side of Ann Street and south side of Beekman Street. The property consists of 90 apartments and ground floor office space. There are 52 studios, 31 one bedroom and 7 two bedroom units. The building allows for additional apartments, amenities and the opportunity to add ground floor retail. The offering presents a rare opportunity for a new investor to acquire a FULLY FREE MARKET elevator building in Manhattan at a price point significantly below replacement cost. The units themselves have already been gutted (all kitchens, bathrooms, and flooring) allowing a buyer to come in and immediately start renovations. There is ample space to add amenities and create a brand new luxury rental or condo building. The building also has two roof decks that have views of downtown, uptown, the east river, Brooklyn skyline and Brooklyn Bridge. All of the one and two bedroom apartments have large living room space with a separate room for the kitchens. Half of the units have large balconies with views of the river, uptown or downtown. The 17th floor was previously used for laundry/amenity space and it has 12’+ ceilings. One to three additional penthouse apartments can be added with private outdoor space on the 17th floor. 69 Gold Street is situated in the heart of Manhattan’s Financial District. The neighborhood is the financial center of the world. Many of the major financial institutions, including the New York Stock Exchange and the Federal Reserve are located in the neighborhood. The Financial District is tourist hub, with visitors coming to see the many attractions; The Bull, Oculus, 9/11 Memorial, One World Observatory, South Street Seaport, The Battery, Wall Street, Federal Hall National Memorial, Trinity Church, Stone Street, etc.

FOR SALE DETAILS

PRICE

$42,500,000 USD

PRICE/SF

$537 USD /SF

# OF UNITS

90

PRICE/UNIT

$472,222

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staff Residence

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

17

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

113,927 SF

ZONING

C6-4

APN/PARCEL ID

0093-0034

ASK ABOUT THIS PROPERTY

Bryan HurleyCushman & WakefieldMore Info
212-660-7706

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Bryan HurleyCushman & WakefieldMore Info
212-660-7706

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