Building for Sale - Agorafy
Building for Sale 204 East 75 th Street Upper East Side Mixed-Use Building South side of East 76 1h Street between Third and Second Avenues
DESCRIPTION
A Four-story, mixed-use property comprised of a commercial on the ground floor and six apartments on the upper floors. The commercial located on the first floor, cellar, and sub cellar, is currently occupied by a veterinarian office. Floors two through four are configured as two 1-bedroom apartments each of which three will be delivered vacant. All apartments have wood burning fireplaces.
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Ronen Korin PHONE: (212) 688 9090 CELL: (917) 940-1166 969 Third Avenue, Third Floor, New York, NY 10022
FAX: (646) 417-6067
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but not warranty or represenlation is made as lo the accuracy thereof and same is subject to errors, omission, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoul notice
Income & Expenses
204 East 75th Street
GROUND
MEDICAL
$9,897.00
LEASE END 11/19
2A
1 BEDROOM
VACANT
PROJECTED $2400.00
28
1 BEDROOM
$1,541.45
RENT STABILIZED - LEASE ENDS 2/17
3A
1 BEDROOM
$2,310.00
FREE MARKET - LEASE ENDS 6/16
38
1 BEDROOM
VACANT
PROJECTED $2400.00
4A
1 BEDROOM
$1,711.16
RENT STABILIZED - LEASE ENDS 1/17
48
1 BEDROOM
VACANT
PROJECTED $2400.00
*Rent increase to $10,491 for the 3 years period between July 2016-July 2019; and to $11,120 for the 5 month period between July 1,2019-November 30,2019. In addition, tenant pays 60% of the tax increase over the 1997/1998 base year ($19,684), 50% of the building operating expenses in excess of $19,790, 40% of the buildings water charges, and 50%of the repair/maintenance of the common facilities.
TOTAL RENT $22,659.61/ MONTHLY
$271,915.32 I ANUALLY
ESTIMATED EXPENSES (ANNUAL):
I
REAL ESTATE TAXES
$58,462.00
WATER/SEWER
$2,244.00
INSURANCE
$1,784.00
HEAT/ELECTRIC
I
$8,417.00
PAYROLL
$7,601.00
TOTAL
NOi
$78,508.00
$193,407.32
Ronen Korin PHONE: (212) 688 9090 CELL: (917) 940-1166 969 Third Avenue, Third Floor, New York, NY 10022
FAX: (646) 417-6067
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but not warranty or represenlat1on is made as to lhe accuracy thereof and same is subject lo errors, omission, change of price, renlal or other conditions, pnor sale, lease or financing, or withdrawal without notice.
DESCRIPTION
A Four-story, mixed-use property comprised of a commercial on the ground floor and six apartments on the upper floors. The commercial located on the first floor, cellar, and sub cellar, is currently occupied by a veterinarian office. Floors two through four are configured as two 1-bedroom apartments each of which three will be delivered vacant. All apartments have wood burning fireplaces.
I
I
Ronen Korin PHONE: (212) 688 9090 CELL: (917) 940-1166 969 Third Avenue, Third Floor, New York, NY 10022
FAX: (646) 417-6067
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but not warranty or represenlation is made as lo the accuracy thereof and same is subject to errors, omission, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal withoul notice
Income & Expenses
204 East 75th Street
GROUND
MEDICAL
$9,897.00
LEASE END 11/19
2A
1 BEDROOM
VACANT
PROJECTED $2400.00
28
1 BEDROOM
$1,541.45
RENT STABILIZED - LEASE ENDS 2/17
3A
1 BEDROOM
$2,310.00
FREE MARKET - LEASE ENDS 6/16
38
1 BEDROOM
VACANT
PROJECTED $2400.00
4A
1 BEDROOM
$1,711.16
RENT STABILIZED - LEASE ENDS 1/17
48
1 BEDROOM
VACANT
PROJECTED $2400.00
*Rent increase to $10,491 for the 3 years period between July 2016-July 2019; and to $11,120 for the 5 month period between July 1,2019-November 30,2019. In addition, tenant pays 60% of the tax increase over the 1997/1998 base year ($19,684), 50% of the building operating expenses in excess of $19,790, 40% of the buildings water charges, and 50%of the repair/maintenance of the common facilities.
TOTAL RENT $22,659.61/ MONTHLY
$271,915.32 I ANUALLY
ESTIMATED EXPENSES (ANNUAL):
I
REAL ESTATE TAXES
$58,462.00
WATER/SEWER
$2,244.00
INSURANCE
$1,784.00
HEAT/ELECTRIC
I
$8,417.00
PAYROLL
$7,601.00
TOTAL
NOi
$78,508.00
$193,407.32
Ronen Korin PHONE: (212) 688 9090 CELL: (917) 940-1166 969 Third Avenue, Third Floor, New York, NY 10022
FAX: (646) 417-6067
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but not warranty or represenlat1on is made as to lhe accuracy thereof and same is subject lo errors, omission, change of price, renlal or other conditions, pnor sale, lease or financing, or withdrawal without notice.
