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$ 9,999,000
Est. payment /mo
Price Dropped by $589K
240 E 9th ST New York (manhattan), NY 10003
2,103 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East Village
MLS Listing ID 1024440
Rental Info No
Year Built 1900
Annual Tax Amount $121,601
Lot Size 2,103 Sqft
Acres 0.0483
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling All Investors, Developers, & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Manhattan For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B/R7A/C1-5 Zoning, 8 Free Market Apartments, High 8' Ceilings, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of New York City Between 2nd Ave. & 3rd Ave. Only 6 Blocks From The FDR Drive!!! Neighbors Include Chase Bank, Citibank, Bank of America, NYU Langone, USPS, UPS, WholeFoods, Target, Best Buy, Staples, Walgreens, Ace Hardware, Trader Joe's, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Tokyo Mama: $85,842.72 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30.
Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27.
Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26.
Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28.
Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27.
Apt. 5: $47,400 Ann.; Lease Exp.: 7/31/26.
Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26.
Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26.
Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26.
Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26.
Apt. 10: $12,000.60 Ann.
Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27.
Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28.
Gross Income: $544,902.12 Ann.
Expenses:
Fuel: $11,169.24 Ann.
Electric: $1,297.16 Ann.
Water & Sewer: $12,247.78 Ann.
Insurance: $11,428 Ann.
Maintenance & Repairs: $11,431.02 Ann.
Taxes: $107,350.14 Ann.
Total Expense: $154,923.35 Ann.
Net Operating Income (NOI): $389,978.77 Ann.
Income:
Tokyo Mama: $85,842.72 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30.
Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27.
Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26.
Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28.
Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27.
Apt. 5: $47,400 Ann.; Lease Exp.: 7/31/26.
Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26.
Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26.
Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26.
Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26.
Apt. 10: $12,000.60 Ann.
Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27.
Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28.
Gross Income: $544,902.12 Ann.
Expenses:
Fuel: $11,169.24 Ann.
Electric: $1,297.16 Ann.
Water & Sewer: $12,247.78 Ann.
Insurance: $11,428 Ann.
Maintenance & Repairs: $11,431.02 Ann.
Taxes: $107,350.14 Ann.
Total Expense: $154,923.35 Ann.
Net Operating Income (NOI): $389,978.77 Ann.
Location
State NY
County New York (manhattan)
Interior
Heating Hot Water, Oil
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Frame
Schools
High Schools Contact Agent
School District Contact Agent
Others
Special Listing Condition None
Listed by All Island Estates Realty Corp • Richard Matt Shane
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