221 East 60th St_Cover_initials_LQ - Agorafy
Upper East Side, Manhattan Mixed-Use Building
EXCLUSIVE LISTING
221 East 60th Street Manhattan, NY 10065
Shay Zach Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (646) 278-4621 Email: [email protected]
Investment Summary ADDRESS:
221 EAST 60TH STREET, MANHATTAN NY 10065 BETWEEN SECOND AND THIRD AVENUES
DESCRIPTION:
A FIVE-STORY, WALK-UP, MIXED-USE BUILDING WITH SEVEN APARTMENTS AND 2,150 SF OF RETAIL.
LOT SIZE:
20’ X 100.05’
LOT AREA: 2,010 SF
BUILT SIZE:
20’ X 84’ -1ST FL 20’ X 64’ -2ND FL 20’ X 51’ -3RD-5TH FLS
BUILT AREA: 6,020 SF YEAR BUILT: 1900
ADD’L BUILDABLE SF: 2,020 SF
TOTAL BUILDABLE SF: 8,040 SF
ZONING:
F.A.R: 4.0
TOTAL ASSESSMENT: $700,000 LAYOUT:
INCOME:
3/2, 3/3, 1/6, 1/RETAIL TOTAL APTS: 7 6 APT(S) ACT. 1 APT(S) PROJ. 1 RETAIL PROJ.
BLOCK/LOT: 1415/11 TOTAL ROOMS: 21
TOTAL RETAIL: 1
$ $ $
151,060 33,600 210,000
TAXES (14/15) WATER & SEWER INSURANCE FUEL UTILITIES REPAIRS & MAINT. NET OPERATING INCOME:
$ $ $ $ $ $
92,000 4,370 4,616 8,789 2,656 9,250
PRICE:
$6,700,000
ALL CASH
REMARKS:
THE BUILDING IS GOOD FOR AN OWNER/USER TO USE THE RETAIL AND OCCUPY THE 2ND AND PARTIAL 3RD FLOORS. UNIT 2 WILL BE VACATED AFTER 8/31/15 AND UNIT 3F WILL BE VACATED UPON CLOSING. THE CURRENT OWNER PLANNED THE EXISTING EXTENSION IN A WAY THAT WILL SUPPORT FURTHER VERTICAL AND HORIZONTAL ENLARGEMENTS TO THE STRUCTURE OF THE BUILDING. THE PROPERTY IS LOCATED ONE BLOCK FROM THE LEXINGTON AVE/59TH ST N,Q,R AND THE 59TH ST 4,5,6 TRAIN STATIONS, AS WELL AS BEING ON THE SAME BLOCK AS SERENDIPITY 3 AND DYLAN’S CANDY BAR.
ESTIMATED EXPENSES:
$394,668
$121,681 $272,987
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
PROPERTY OVERVIEW
R8B
1
Investment Summary 221 EAST 60TH STREET RENT ROLL: APT
ROOMS
STATUS
LXP
2*** 3F 3R 4F* 4R 5F* 5R COMM** TOTAL
6 3 2 3 2 3 2 21
FM VAC-PROJ RS RS FM RS RS VAC-PROJ
8/31/2015 11/30/2013 3/31/2016 5/31/2015 8/31/2015 7/31/2016 -
PROJ RENT/MO $ 6,700 $ 2,800 $ 2,400 $ 2,800 $ 2,400 $ 2,800 $ 2,400 $ 17,500 $ 39,800
ACTUAL RENT/MO $ 6,200 $ 2,800 $ 1,022 $ 1,298 $ 2,100 $ 1,005 $ 964 $ 17,500 $ 32,889
RENT/YR $ 74,400 $ 33,600 $ 12,264 $ 15,576 $ 25,200 $ 12,060 $ 11,568 $ 210,000 $ 394,668
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
ADDITIONAL INFORMATION
*CAN BE CONVERTED INTO A 2 BEDROOM **RETAIL IS 1500 SF W/ ADDITIONAL 600 SF BASEMENT ***POTENTIAL TO BE VACATED
2
PICTURES
Typical Apartment
Epic Commercial RealtyTel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
3
EXCLUSIVE LISTING
221 East 60th Street Manhattan, NY 10065
Shay Zach Epic Commercial Realty 580 Broadway, Suite 1107 New York, NY 10012 Tel: (646) 278-4621 Email: [email protected]
Investment Summary ADDRESS:
221 EAST 60TH STREET, MANHATTAN NY 10065 BETWEEN SECOND AND THIRD AVENUES
DESCRIPTION:
A FIVE-STORY, WALK-UP, MIXED-USE BUILDING WITH SEVEN APARTMENTS AND 2,150 SF OF RETAIL.
LOT SIZE:
20’ X 100.05’
LOT AREA: 2,010 SF
BUILT SIZE:
20’ X 84’ -1ST FL 20’ X 64’ -2ND FL 20’ X 51’ -3RD-5TH FLS
BUILT AREA: 6,020 SF YEAR BUILT: 1900
ADD’L BUILDABLE SF: 2,020 SF
TOTAL BUILDABLE SF: 8,040 SF
ZONING:
F.A.R: 4.0
TOTAL ASSESSMENT: $700,000 LAYOUT:
INCOME:
3/2, 3/3, 1/6, 1/RETAIL TOTAL APTS: 7 6 APT(S) ACT. 1 APT(S) PROJ. 1 RETAIL PROJ.
BLOCK/LOT: 1415/11 TOTAL ROOMS: 21
TOTAL RETAIL: 1
$ $ $
151,060 33,600 210,000
TAXES (14/15) WATER & SEWER INSURANCE FUEL UTILITIES REPAIRS & MAINT. NET OPERATING INCOME:
$ $ $ $ $ $
92,000 4,370 4,616 8,789 2,656 9,250
PRICE:
$6,700,000
ALL CASH
REMARKS:
THE BUILDING IS GOOD FOR AN OWNER/USER TO USE THE RETAIL AND OCCUPY THE 2ND AND PARTIAL 3RD FLOORS. UNIT 2 WILL BE VACATED AFTER 8/31/15 AND UNIT 3F WILL BE VACATED UPON CLOSING. THE CURRENT OWNER PLANNED THE EXISTING EXTENSION IN A WAY THAT WILL SUPPORT FURTHER VERTICAL AND HORIZONTAL ENLARGEMENTS TO THE STRUCTURE OF THE BUILDING. THE PROPERTY IS LOCATED ONE BLOCK FROM THE LEXINGTON AVE/59TH ST N,Q,R AND THE 59TH ST 4,5,6 TRAIN STATIONS, AS WELL AS BEING ON THE SAME BLOCK AS SERENDIPITY 3 AND DYLAN’S CANDY BAR.
ESTIMATED EXPENSES:
$394,668
$121,681 $272,987
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
PROPERTY OVERVIEW
R8B
1
Investment Summary 221 EAST 60TH STREET RENT ROLL: APT
ROOMS
STATUS
LXP
2*** 3F 3R 4F* 4R 5F* 5R COMM** TOTAL
6 3 2 3 2 3 2 21
FM VAC-PROJ RS RS FM RS RS VAC-PROJ
8/31/2015 11/30/2013 3/31/2016 5/31/2015 8/31/2015 7/31/2016 -
PROJ RENT/MO $ 6,700 $ 2,800 $ 2,400 $ 2,800 $ 2,400 $ 2,800 $ 2,400 $ 17,500 $ 39,800
ACTUAL RENT/MO $ 6,200 $ 2,800 $ 1,022 $ 1,298 $ 2,100 $ 1,005 $ 964 $ 17,500 $ 32,889
RENT/YR $ 74,400 $ 33,600 $ 12,264 $ 15,576 $ 25,200 $ 12,060 $ 11,568 $ 210,000 $ 394,668
Epic Commercial Realty Tel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
ADDITIONAL INFORMATION
*CAN BE CONVERTED INTO A 2 BEDROOM **RETAIL IS 1500 SF W/ ADDITIONAL 600 SF BASEMENT ***POTENTIAL TO BE VACATED
2
PICTURES
Typical Apartment
Epic Commercial RealtyTel: 212.226.9000 Fax: 212.226.1972 580 Broadway, Suite 1107, New York, NY 10012 www.epic-cr.com Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
3
