Description

Amazing opportunity to purchase an investment property consisting of ten units with two retails spaces, in Uptown Manhattan, only five minutes to Columbia University.

The property is a five-story walk-up building and features 5 three-bedroom free market units, 5 one-bedroom rent-stabilized units, and two 320 sq ft retail spaces. Additionally, there is a full basement.

The building size is 25 x 80 with a lot size of 25 x 100. Zoning is R8A/C2-5, residential FAR is 6.02, available FAR 5,950 sq ft, and approximately 9,105 sq ft of interior space.

*Annual gross residential income $331,721
*Annual gross retail income $74.043
*Estimated annual expenses $137,880
*Estimated annual net income $267,884