1884 Park Ave New York, NY 10035

Description

One of a Kind. Fully Renovated Mixed-Use Building with 3 Luxury Vacant 2 Bedroom units and leased commercial space (10 year lease). High quality construction. Cherry custom kitchen cabinetry, hardwood floors, granite counter tops stainless steel appliances, luxury subway tiled bathroom with mosaic inlays, double sheet rocked walls and ceilings. High rated Insulation, double paned windows. Cap Rate 6.6%Estimated annual income $144,000.Commercial Tenant $4500 per month.3 Two bedrooms @ $2500 per month = $7500.Estimated Expenses: Taxes $12,900 (owner pays $10k commercial tenant pays $2,900). 2014 - The taxes will lower to an estimated $6,500yr in July 2014),Insurance $2000yr, Maintenance $1200 (Super plus supplies), Common Area Utilities $1200,Water/Sewer $800yr. Total $13,000. Projected Net Income: $130,800.Building Specs:Lot sq. ft.: 1,383 Lot dimensions: 19.75 ft x 70 ft.Building class: Miscellaneous (K9),Building Sqft:. 3,724 Plus Extension = 4400 SQFTBuilding dimensions: 19.75 ft x 42 ft Stories: 4,Has extension.Year built: 1899 (estimated)Schedule an appointment today with Kahir El at 347 912-5286 and Elaine Perry at 917 841-3230.

Facts
  • Laundry: Shared
  • Year Built: 1899
Features
  • Intercom: Yes
  • Security System: Yes
  • Granite countertop
  • Living room
  • Secured entry
  • Stainless steel appliances

Available Units

NameListed DateTypePriceBeds/BathsSqftPrice/Sqft
Live Oak08/20/14
For Rent
$2,300/mo2 bd, 2.0 ba825 $2.79

Off Market Units

NameListed DateTypePriceBeds/BathsSqftPrice/Sqft
1884 Park Ave--
Off Market
$2,211,4726 bd, 6.0 ba3,724 $594
 
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Contact manager

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Agent
Elaine Perry 0 (0) 1 Recent sales Perry Associates Call: (917) 841-3230

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