Platinum Properties is pleased to present a distinctive four story walk-up building for sale (the “Property). With close proximity to subway trains (6,E,M) as well as Grand Central Terminal and United Nations Plaza, this building is centrally located within the Turtle Bay/Midtown East neighborhood.
The Property consists of 5 residential units, fully furnished with modern finishes, including hardwood floors and designer bathrooms. The kitchens feature stainless steel appliances and include cookware and utensils. Property also features amenities such as a 35 foot rear yard (approximately 700 sf), rooftop deck, 24-hour surveillance system, and an on-site laundry room.
Please inquire directly to obtain further details about this property.
1. 3-Year Triple Net Lease Expires 03/01/18 at $25,000/month
2. Single Family Townhome
Listing Price: $7,995,000.00
Building Size: 20 x 64
Building ASF: 6,400
Additional Air Rights: 2,711
Residential Income: $300,000
Total Gross Income: $300,000
Real Estate Tax (2014): $92,277
Net Profit: $300,000
Cap rate: 3.75%
A wide swath of land with the United Nations Building in the middle, Midtown East real estate encompasses a diverse range of affordable tenement housing, charming…