Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$9,999,000
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Lot: 0.05 Acres
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Other
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$9,999,000
240 E 9th Street 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: $88, 418.04 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: $49, 200 Ann.; Lease Exp.: 7/31/27. 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: $549, 277.44 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): $394.354.09 Ann.
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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