551 West 161st St. ENTIRE-BUIL

- 161st & broadway
- 8 family (not sro!!!!! class a apartments as per hpd website all with kitchens & bathrooms inside the apartments)
- lot – 19×100
- building – 19×64
- floors – 4
- square feet – 4,800
- current rent roll: 4 occupied, 2 occupied by super, 2 vacant (leases signed & awaiting section 8 inspection)
- 4 occupied are paying 4,300 per month (2 paying 1,100 & the other 2 paying 1,050 per month)
- rent is being paid by government organizations such as section 8, work advantage & public assistance
- the 2 vacant apartments have applications & leases out on them
- apt #1 – $1,050 ($532 paid by govt program)
- apt#2 – $1,100 (section 8)
- apt#3 – $1,100 – signed lease; waiting on section 8 inspection
- apt #4 – $1,050 (public assistance)
- apt#5 – $1,276 – lease out
- apt#6 – $1,100 ($962 paid by govt program)
- apt#7 – super
- apt#8 – super
- expenses:
- taxes – 6,303
- heat (oil) – 5,000-6,000 (as per owner)
- water/sewer – 1,800
- separate utilities (landlord pays oil)

this is a bank short sale so all deals must be approved by the bank

a deal can get done somewhere between $640k – $685k we believe

we can arrange access whenever you like. feel free to email me with any questions

leases available upon request!