254 East 33rd Street - Agorafy
Building For Sale Murray Hill rd
254 East 33 Street New York, NY 10016 Located on the South side of 33rd Street Between Second and Third Avenues Block / Lot: 913 / 36 Lot Size: 16 .67’ x 74’ Approximately Lot Area: 1,233 SF Approximately Stories: 4 Plus Cellar Building Size: 16.67’ x 50’ Gross SF: 3,334 Approximately Zoning: C1-8A FAR: 7.52 Air Rights: 5,938 Approximately Total Buildable SF: 9,272 Approximately Historic District: None Year Built: 1950 Assessment (14/15): $ 252,635 Taxes (14/15): $ 33,208 (All square footages should be independently verified) Location:
A S K I N G P R I C E : $4,500,000 Property Description:
A 16.75’ wide, four-story plus cellar, seven (7) unit, walk-up building with approximately 3,334 gross square feet. Located on the south side of East 33rd Street between Second and Third Avenues, the front entrance of the property lies on a quiet street steps away from the bustling and vibrant neighborhoods of Murray Hill and Kips Bay. The property, which underwent a complete gut renovation in 2012, consists of a ground floor one-bedroom floor-through apartment with a large stone paved garden in the rear plus six (6) studio apartments located in the front and rear of each floor above. The apartment renovations include high efficiency stainless steel GE kitchen appliances, dark wood cabinetry, brand new hardwood floors combined with tile, and renovated bathrooms with brand new tile, glass showers stalls, vanities and high-end fixtures. Most apartments come with a through-the-wall air-conditioning unit and all have tremendous amounts of natural light. The building amenities include security cameras with access controls, hidden outdoor garbage cabinets, a newly installed sprinkler system, a state of the art gas boiler with baseboard radiators, a brand new gas fired hot water heater with a pressure pump and fully renovated common areas. This property represents an ideal investment with strong in-place cash flow or an immediate end-user opportunity. For further information or inspection, please contact Exclusive Agents:
John F. Ciraulo
Vice Chairman, Partner [email protected] 212.696.2500 x7700
Craig M. Waggner
Director of Sales [email protected] 212.696.2500 x7744
Hunter L. Moss
Associate [email protected] 212.696.2500 x5136
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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Building For Sale Murray Hill rd
254 East 33 Street New York, NY 10016 REVENUE Unit
Layout
Size (Approx.)
P.P.S.F. (2)
Lease Exp.
Monthly Rent
Annual Rent
1N
1 Bed W/ Garden
835
$44.55
8/15
$3,100
$37,200
2N 2S 3N 3S 4N 4S
Studio Studio Studio Studio Studio Studio
418 418 418 418 418 418
$54.55 $57.49 $55.00 $58.20 $55.00 $56.62
2/15 5/15 6/15 7/15 1/15 7/15
$1,900 $2,000 $1,975 $2,025 $1,950 $1,970
$22,800 $24,000 $22,963 $24,300 $22,963 $23,640
2,506 (2)
$54.49
$14,920
$177,865
Totals: (1) P.P.S.F.: Price Per Square Foot. (2) with a 15% loss factor applied.
EXPENSES Real Estate Taxes Water & Sewer Insurance Fuel Electric (Common area) Repairs Payroll - Super Management Total:
(2014/2015) (Actual) ($1.00 per SF) ($1.50 per SF) ($0.25 per SF) ($550 per unit) ($200 per month) (4.0 % of Income)
$33,208 $850 $3,334 $5,376 $896 $3,850 $2,400 $7,115 $57,029
Gross Annual Income: Less Expenses:
$177,865 $57,029
Net Operating Income:
$120,836
A S K I N G P R I C E : $4,500,000 For further information or inspection, please contact Exclusive Agents:
John F. Ciraulo
Vice Chairman, Partner [email protected] 212.696.2500 x7700
Craig M. Waggner
Director of Sales [email protected] 212.696.2500 x7744
Hunter L. Moss
Associate [email protected] 212.696.2500 x5136
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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
254 East 33 Street New York, NY 10016 Located on the South side of 33rd Street Between Second and Third Avenues Block / Lot: 913 / 36 Lot Size: 16 .67’ x 74’ Approximately Lot Area: 1,233 SF Approximately Stories: 4 Plus Cellar Building Size: 16.67’ x 50’ Gross SF: 3,334 Approximately Zoning: C1-8A FAR: 7.52 Air Rights: 5,938 Approximately Total Buildable SF: 9,272 Approximately Historic District: None Year Built: 1950 Assessment (14/15): $ 252,635 Taxes (14/15): $ 33,208 (All square footages should be independently verified) Location:
A S K I N G P R I C E : $4,500,000 Property Description:
A 16.75’ wide, four-story plus cellar, seven (7) unit, walk-up building with approximately 3,334 gross square feet. Located on the south side of East 33rd Street between Second and Third Avenues, the front entrance of the property lies on a quiet street steps away from the bustling and vibrant neighborhoods of Murray Hill and Kips Bay. The property, which underwent a complete gut renovation in 2012, consists of a ground floor one-bedroom floor-through apartment with a large stone paved garden in the rear plus six (6) studio apartments located in the front and rear of each floor above. The apartment renovations include high efficiency stainless steel GE kitchen appliances, dark wood cabinetry, brand new hardwood floors combined with tile, and renovated bathrooms with brand new tile, glass showers stalls, vanities and high-end fixtures. Most apartments come with a through-the-wall air-conditioning unit and all have tremendous amounts of natural light. The building amenities include security cameras with access controls, hidden outdoor garbage cabinets, a newly installed sprinkler system, a state of the art gas boiler with baseboard radiators, a brand new gas fired hot water heater with a pressure pump and fully renovated common areas. This property represents an ideal investment with strong in-place cash flow or an immediate end-user opportunity. For further information or inspection, please contact Exclusive Agents:
John F. Ciraulo
Vice Chairman, Partner [email protected] 212.696.2500 x7700
Craig M. Waggner
Director of Sales [email protected] 212.696.2500 x7744
Hunter L. Moss
Associate [email protected] 212.696.2500 x5136
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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
Building For Sale Murray Hill rd
254 East 33 Street New York, NY 10016 REVENUE Unit
Layout
Size (Approx.)
P.P.S.F. (2)
Lease Exp.
Monthly Rent
Annual Rent
1N
1 Bed W/ Garden
835
$44.55
8/15
$3,100
$37,200
2N 2S 3N 3S 4N 4S
Studio Studio Studio Studio Studio Studio
418 418 418 418 418 418
$54.55 $57.49 $55.00 $58.20 $55.00 $56.62
2/15 5/15 6/15 7/15 1/15 7/15
$1,900 $2,000 $1,975 $2,025 $1,950 $1,970
$22,800 $24,000 $22,963 $24,300 $22,963 $23,640
2,506 (2)
$54.49
$14,920
$177,865
Totals: (1) P.P.S.F.: Price Per Square Foot. (2) with a 15% loss factor applied.
EXPENSES Real Estate Taxes Water & Sewer Insurance Fuel Electric (Common area) Repairs Payroll - Super Management Total:
(2014/2015) (Actual) ($1.00 per SF) ($1.50 per SF) ($0.25 per SF) ($550 per unit) ($200 per month) (4.0 % of Income)
$33,208 $850 $3,334 $5,376 $896 $3,850 $2,400 $7,115 $57,029
Gross Annual Income: Less Expenses:
$177,865 $57,029
Net Operating Income:
$120,836
A S K I N G P R I C E : $4,500,000 For further information or inspection, please contact Exclusive Agents:
John F. Ciraulo
Vice Chairman, Partner [email protected] 212.696.2500 x7700
Craig M. Waggner
Director of Sales [email protected] 212.696.2500 x7744
Hunter L. Moss
Associate [email protected] 212.696.2500 x5136
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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
