240 E 9th Street, New York (Manhattan), NY 10003

Property Description

Calling All Investors, Developers, & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Manhattan For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B/R7A/C1-5 Zoning, 8 Free Market Apartments, High 8’ Ceilings, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of New York City Between 2nd Ave. & 3rd Ave. Only 6 Blocks From The FDR Drive!!! Neighbors Include Chase Bank, Citibank, Bank of America, NYU Langone, USPS, UPS, WholeFoods, Target, Best Buy, Staples, Walgreens, Ace Hardware, Trader Joe’s, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Tokyo Mama: $85,842.72 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30. Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27. Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26. Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28. Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27. Apt. 5: $47,400 Ann.; Lease Exp.: 7/31/26. Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26. Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26. Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26. Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26. Apt. 10: $12,000.60 Ann. Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27. Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28. Gross Income: $544,902.12 Ann. Expenses: Fuel: $11,169.24 Ann. Electric: $1,297.16 Ann. Water & Sewer: $12,247.78 Ann. Insurance: $11,428 Ann. Maintenance & Repairs: $11,431.02 Ann. Taxes: $107,350.14 Ann. Total Expense: $154,923.35 Ann. Net Operating Income (NOI): $389,978.77 Ann.