Courtesy of: Saul Milian, RE/MAX United Realty, milianrealestate@gmail.com
Courtesy of: Saul Milian, RE/MAX United Realty, milianrealestate@gmail.com
$1,700,000
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Lot: 0.15 Acres
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Other
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$1,700,000
85 W 28th St This well-maintained, 2-story building with 4, 905 sq ft of living space sits on a 6, 450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124, 800 - Operating Expenses: $49, 000 - Net Operating Income (NOI): $75, 800 (4% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand. DO NOT DISTURB THE TENANTS.
Courtesy of: Saul Milian, RE/MAX United Realty, milianrealestate@gmail.com
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