$5,000,000

88 East End Avenue in Yorkville

Terrific Investment House with Medical Space

Address: East End Avenue
Location: West side East End Avenue between
East 83rd and East 84th Streets

Lot Size: 25.5 ft x 65 ft = 1,658 sf
Building Size: 25.5 ft x 63 ft = 1,607 sf
Zoning/FAR: R10A/10.0
Assessment: $434,700 (07/08)
RE Taxes: $55,368 (07/08)
Gross Sq.Ft.: 7,875 (approx.)
Air Rights: NONE (sold)

Property Description
The property is a five-story walkup building with 1 commercial unit and 12 residential units. The commercial space is vacant and all the residential units are Free Market. The air rights have been sold and there is a light and air easement in place. The majority of the building has been gutrenovated within the past four years. It is sprinklered throughout.

Overview
Building Type: Apartment Buildings
Location: West side of East End Avenue between E 83rd and E 84th Streets

Annual Gross Income: $366,900
Estimated Expenses: $99,246
Net Operating Income: $267,654
Price Per Square Foot: $634.92
Capitalization Rate: 5.35%
Gross Rent Multiple: 13.63

Listed by Luxx Realty by David Calderazzo

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