Investment Opportunity: Two Buildings, 38 Units, Seller will hold 2nd Mortgage
| Price: | Usage: | Neighborhood: |
|---|---|---|
| $16,250,000 | Investment Sales | Gramercy Park |
Property Description
SELLER WILLING TO HOLD 2nd MORTGAGE
Two six-story walk-up buildings with four stores and 38 apartments, 2 two-and-a-half rooms, 22 three-rooms, 12 four-rooms, and 2 five-rooms. Seven apartments are duplexes and most have state-of-the-art upgrades.
Updated plumbing, electric, hallway, façade, and entry doors. Boiler rebuilt in 2007. New windows, roof deck, wood floors.
5.6 Cap
Plot Size: 25’ x 99’ ; 25’ x 99’
Built: 86’ ; 80’
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