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  • Price cut: $300K (7/15)
    $5,500,000

    53 E 7th St, New York, NY 10003

    29beds
    10,116sqft
    Building
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    $544/sqft
    $-- HOA

    What's special

    This well-maintained 12-unit building stands as a testament to diligent upkeep, with key structural and mechanical systems such as the façade, parapet, gas lines, roofing, and lead compliance all thoroughly maintained. All major components are current, minimizing deferred maintenance. The 12 units, while similar in size, offer a variety of 1-, 2-, and 3-bedroom layouts, appealing to a diverse tenant population and allowing for rental flexibility. Recently, four free-market apartments have been upgraded with in-unit washer/dryers, adding convenience for tenants and enhancing rental value. The pro forma Net Operating Income (NOI) is dependable, derived from conservative projections for increases in free-market unit rents and confirmed rental growth for rent-stabilized apartments. With full occupancy, no arrears, and no outstanding issues, this property represents a turnkey investment opportunity.
    96 days
    on Zillow
    |
    680
    |
    26
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