102 west 29th street new york, ny 10001 - Agorafy
102 WEST 29TH STREET NEW YORK, NY 10001 DEVELOPMENT SITE/ MIXED-USE BUILDING
FOR SALE BUILDING FEATURES
Block / Lot :
Located on the south side of West 29th Street between Avenue of the Americas and Seventh Avenue. 804 / 43
Lot Dimensions :
22’ x 98.75’
Lot Size :
2,156
Stories :
5
Building Dimensions :
22’ x 98.75’,85’ (2-5)
Gross Square Footage :
9,653
Zoning / FAR :
C6-4X / 10.0
SQ FT (approx.)
Total Buildable Sq. Ft. :
21,725
SQ FT (approx.)
Minus Existing Structure :
9,653
SQ FT (approx.)
Available Air Rights :
12,072
SQ FT(approx.)
Assessment (15/16) :
$1,042,650
R.E.Taxes (15/16) :
$103,723
Location :
SQ FT (approx.) (approx.)
PROPERTY DESCRIPTION
TAX MAP
7th Avenue
West 29th Street
West 28th Street
Avenue of the Americas
804/43
A 22’ foot wide, 5 story, 9,653 sq. ft. (approx.) mixeduse building with retail on the ground, a commercial tenant on the 2nd floor, and residential floor-through tenants on the 3rd, 4th and 5th floors. The projected annual revenue is $636,000 and the net operating income could be approximately $490,000. All of the leases will expire by 8/2016 at such time the building could be vacant allowing for a new development. There are appox. 21,725 total buildable SF. This property is perfect for an investor looking for stablizied income, a user looking to occupy, or a developer.
ASKING PRICE
$16,995,000 FOR MORE INFORMATION, PLEASE CONTACT:
John F. Ciraulo
Hunter Moss
Johnathan Hageman
Vice Chairman Capital Markets (212) 660 7700 [email protected]
Senior Associate Capital Markets (212) 589 5136 [email protected]
Director Capital Markets (212) 660 7773 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
102 WEST 29TH STREET
CUSHMAN & WAKEFIELD
DEVELOPMENT SITE / MIXED-USE BUILDING
Projected Revenue 2,173
Proj. Monthly Rent $20,000
Proj. Annual Rent $240,000
Projected
1,870
$8,000
$96,000
FM
Projected
1,870
$8,000
$96,000
4
FM
Projected
1,870
$8,500
$102,000
5
FM
Projected
1,870
$8,500
$102,000
9,653
$53,000
$636,000
Floor
Tenant Status
Lease Exp.
Sq. ft.
Ground Fl
Retail
Projected
2
FM
3
Total Rents : Units are projected at market rate value.
Estimated Expenses Real Estate Taxes Water/Sewer Insurance Fuel (Oil) Electric (Common) Repairs & Maintenance Super
$ / SF (2015/2016 Assessment) ($0.25 / Sq. Ft.) ($1.00 / Sq. Ft.) ($1.75 / Sq. Ft.) ($.25 per SF) ($1.00 / Sq. Ft.) ($200 / Month)
$103,723 $ 2,329 $ 9,316 $ 16,303 $ 2,329 $ 9,316 $ 2,400
Total:
$145,716
Projected Gross Annual Income:
$636,000
Less Estimated Expenses:
$145,716
Net Operating Income:
$490,284
Actual Rents as of 6/2015 Floor
Ground Fl 2 3 4 5 Total:
Lease Exp.
Monthly Rent
Annual Rent
7/31/2016 8/31/2015 9/30/2015 4/30/2016 10/31/2015
$13,049 $6,825 $7,300 $6,850 $6,500 $40,524
$156,588 $81,900 $87,600 $82,200 $78,000 $486,288
ASKING PRICE
$16,995,000 FOR MORE INFORMATION, PLEASE CONTACT:
John F. Ciraulo
Hunter Moss
Johnathan Hageman
Vice Chairman Capital Markets (212) 660 7700 [email protected]
Senior Associate Capital Markets (212) 589 5136 [email protected]
Director Capital Markets (212) 660 7773 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
FOR SALE BUILDING FEATURES
Block / Lot :
Located on the south side of West 29th Street between Avenue of the Americas and Seventh Avenue. 804 / 43
Lot Dimensions :
22’ x 98.75’
Lot Size :
2,156
Stories :
5
Building Dimensions :
22’ x 98.75’,85’ (2-5)
Gross Square Footage :
9,653
Zoning / FAR :
C6-4X / 10.0
SQ FT (approx.)
Total Buildable Sq. Ft. :
21,725
SQ FT (approx.)
Minus Existing Structure :
9,653
SQ FT (approx.)
Available Air Rights :
12,072
SQ FT(approx.)
Assessment (15/16) :
$1,042,650
R.E.Taxes (15/16) :
$103,723
Location :
SQ FT (approx.) (approx.)
PROPERTY DESCRIPTION
TAX MAP
7th Avenue
West 29th Street
West 28th Street
Avenue of the Americas
804/43
A 22’ foot wide, 5 story, 9,653 sq. ft. (approx.) mixeduse building with retail on the ground, a commercial tenant on the 2nd floor, and residential floor-through tenants on the 3rd, 4th and 5th floors. The projected annual revenue is $636,000 and the net operating income could be approximately $490,000. All of the leases will expire by 8/2016 at such time the building could be vacant allowing for a new development. There are appox. 21,725 total buildable SF. This property is perfect for an investor looking for stablizied income, a user looking to occupy, or a developer.
ASKING PRICE
$16,995,000 FOR MORE INFORMATION, PLEASE CONTACT:
John F. Ciraulo
Hunter Moss
Johnathan Hageman
Vice Chairman Capital Markets (212) 660 7700 [email protected]
Senior Associate Capital Markets (212) 589 5136 [email protected]
Director Capital Markets (212) 660 7773 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
102 WEST 29TH STREET
CUSHMAN & WAKEFIELD
DEVELOPMENT SITE / MIXED-USE BUILDING
Projected Revenue 2,173
Proj. Monthly Rent $20,000
Proj. Annual Rent $240,000
Projected
1,870
$8,000
$96,000
FM
Projected
1,870
$8,000
$96,000
4
FM
Projected
1,870
$8,500
$102,000
5
FM
Projected
1,870
$8,500
$102,000
9,653
$53,000
$636,000
Floor
Tenant Status
Lease Exp.
Sq. ft.
Ground Fl
Retail
Projected
2
FM
3
Total Rents : Units are projected at market rate value.
Estimated Expenses Real Estate Taxes Water/Sewer Insurance Fuel (Oil) Electric (Common) Repairs & Maintenance Super
$ / SF (2015/2016 Assessment) ($0.25 / Sq. Ft.) ($1.00 / Sq. Ft.) ($1.75 / Sq. Ft.) ($.25 per SF) ($1.00 / Sq. Ft.) ($200 / Month)
$103,723 $ 2,329 $ 9,316 $ 16,303 $ 2,329 $ 9,316 $ 2,400
Total:
$145,716
Projected Gross Annual Income:
$636,000
Less Estimated Expenses:
$145,716
Net Operating Income:
$490,284
Actual Rents as of 6/2015 Floor
Ground Fl 2 3 4 5 Total:
Lease Exp.
Monthly Rent
Annual Rent
7/31/2016 8/31/2015 9/30/2015 4/30/2016 10/31/2015
$13,049 $6,825 $7,300 $6,850 $6,500 $40,524
$156,588 $81,900 $87,600 $82,200 $78,000 $486,288
ASKING PRICE
$16,995,000 FOR MORE INFORMATION, PLEASE CONTACT:
John F. Ciraulo
Hunter Moss
Johnathan Hageman
Vice Chairman Capital Markets (212) 660 7700 [email protected]
Senior Associate Capital Markets (212) 589 5136 [email protected]
Director Capital Markets (212) 660 7773 [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue 3rd Floor New York, NY 10016 nyinvestmentsales.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.
