403 EAST 78TH STREET NEw YoRk, NY 10028 - Agorafy
UPPER EAST SIDE BUILDING FOR SALE IDEAL FOR INVESTOR OR USER
403 EAST 78TH STREET New York, NY 10028 1473 5 25’ X 102.17’
BLOCK LOT LOT SIZE BUILDING SIZE
25’ 25’ 25’ 25’ 25’
BASEMENT G RO U N D F L O O R SECOND FLOOR THIRD FLOOR F O U RT H F L O O R G RO S S S Q U A R E F O O TA G E
X X X X X
54’= 500 SF 54’= 810 SF 54’= 1,350 SF 54’= 1,350 SF 54’= 1,350 SF
(irr. approx.) (irr. approx.) (irr. approx.) (irr. approx.) (irr. approx.)
4,860 SF (irr. approx.) 4 R8B/C1-9 4.0/10.0 2,554 SF (approx.) 13,895 SF (approx.) None (Sold) $308,652 $40,572
(ABOVE GRADE)
S TO R I E S ZONING FA R LOT AREA BUILDABLE SQUARE FEET DEVELOPMENT RIGHTS REMAINING ASSESSMENT (14/15) R E A L E S TAT E TA X E S ( 1 4 / 1 5 )
DESCRIPTION: Massey Knakal Realty Services has been retained on an exclusive basis to arrange the sale of a 25’ foot wide multi-family walkup building located on t h e n o r t h s i d e o f E a s t 7 8 t h St r e e t b e t w e e n Fi r s t a n d Yo r k Av e n u e . T h e t e n a n t s are all short term rentals and is currently configured as six residential units o f w h i c h f o u r ( 4 ) a r e Fr e e M a r k e t , o n e ( 1 ) i s r e n t s t a b i l i z e d , a n d o n e ( 1 ) is rent controlled. The property has an easement in place with the parking lot in the rear of the building wherein the lot pays full real estate taxes i n d e f i n i t e l y. T h e p r o p e r t y i s s p l i t z o n e d R 8 B a n d C 1 - 9 , h o w e v e r t h e r e a r e no additional development rights as they have been previously sold. This is a unique investment or live plus income oppurtunity in the heart of one of Ne w Yo r k’s m o s t s o u g h t a f t e r r e s i d e n t i a l n e i g h b o r h o o d s t h a t i s c o n v e n i e n t l y within short walking distance to the 4,5, and 6 trains as well as just steps a w a y f r o m t h e f u t u r e S e c o n d Av e n u e Su b w a y e n t r a n c e o n E a s t 8 3 r d St r e e t a n d E a s t 7 2 n d St r e e t .
Building Income
Gross Revenue Expenses
$251,004 $36,369
Net Income
$214,234
ASKING PRICE: $5,200,000 For further information or inspection, please contact Exclusive Agents:
Stephen P. Palmese
Thomas D. Gammino Jr. Esq.
(718) 307-6552
212.696.2500 x7727
Partner [email protected]
Senior Vice President [email protected]
Brett Weisblum
Associate Director of Sales [email protected]
212.696.2500 x7784
Michael Mazzara
Senior Associate [email protected]
(718) 238-899
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
UPPER EASTSide SIDE BUILDING FOR SALE Upper East Building For Sale FOR INVESTOR ORor USER IdealIDEAL For User/Conversion Investor
403 EAST 539 East78TH 87thSTREET Street NewNew York NY10128 10028 York,, NY
REVENUE: Unit
Type
Status
Lease Exp.
Monthly Rent
Annual Rent
A
Penthouse
FM
Short Term
$
8,000
$
96,000
B
2 Bedroom, 2 Bath
FM
Short Term
$
5,600
$
67,200
C
Single
FM
Short Term
$
2,000
$
24,000
D
1 Bedroom, 1 Bath
FM
Short Term
$
4,500
$
54,000
E
RS
$
645
$
7,740
F
RC
$
172
$
2,064
$
20,917 $
251,004
Real Estate Taxes (14/15)*
$
0
Water & Sewer ($0.70/SF)
$
3,402
Insurance ($1.00/SF)
$
4,860
Electric ($0.20/SF)
$
972
Fuel ($1.60/SF)
$
7,776
Repair & Maintenance ($2.00/SF)
$
9,720
Management (4%)
$
10,040
Total Expenses:
$
36,770
Gross Annual Income:
$
251,004
Less Expenses:
$
36,770
Net Operating Income:
$
214,234
Total Monthly Rent: Total Annual Rent: 2014 EXPENSES (ESTIMATED):
*Parking Garage Pays Full Real Estate Taxes in Perpetuity
ASKING PRICE: $5,200,000 For further information or inspection, please contact Exclusive Agents:
Stephen P. Palmese
Thomas D. Gammino Jr. Esq.
(718) 307-6552
212.696.2500 x7727
Partner [email protected]
Senior Vice President [email protected]
Brett Weisblum
Associate Director of Sales [email protected]
212.696.2500 x7784
Michael Mazzara
Senior Associate [email protected]
(718) 238-899
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
403 EAST 78TH STREET New York, NY 10028 1473 5 25’ X 102.17’
BLOCK LOT LOT SIZE BUILDING SIZE
25’ 25’ 25’ 25’ 25’
BASEMENT G RO U N D F L O O R SECOND FLOOR THIRD FLOOR F O U RT H F L O O R G RO S S S Q U A R E F O O TA G E
X X X X X
54’= 500 SF 54’= 810 SF 54’= 1,350 SF 54’= 1,350 SF 54’= 1,350 SF
(irr. approx.) (irr. approx.) (irr. approx.) (irr. approx.) (irr. approx.)
4,860 SF (irr. approx.) 4 R8B/C1-9 4.0/10.0 2,554 SF (approx.) 13,895 SF (approx.) None (Sold) $308,652 $40,572
(ABOVE GRADE)
S TO R I E S ZONING FA R LOT AREA BUILDABLE SQUARE FEET DEVELOPMENT RIGHTS REMAINING ASSESSMENT (14/15) R E A L E S TAT E TA X E S ( 1 4 / 1 5 )
DESCRIPTION: Massey Knakal Realty Services has been retained on an exclusive basis to arrange the sale of a 25’ foot wide multi-family walkup building located on t h e n o r t h s i d e o f E a s t 7 8 t h St r e e t b e t w e e n Fi r s t a n d Yo r k Av e n u e . T h e t e n a n t s are all short term rentals and is currently configured as six residential units o f w h i c h f o u r ( 4 ) a r e Fr e e M a r k e t , o n e ( 1 ) i s r e n t s t a b i l i z e d , a n d o n e ( 1 ) is rent controlled. The property has an easement in place with the parking lot in the rear of the building wherein the lot pays full real estate taxes i n d e f i n i t e l y. T h e p r o p e r t y i s s p l i t z o n e d R 8 B a n d C 1 - 9 , h o w e v e r t h e r e a r e no additional development rights as they have been previously sold. This is a unique investment or live plus income oppurtunity in the heart of one of Ne w Yo r k’s m o s t s o u g h t a f t e r r e s i d e n t i a l n e i g h b o r h o o d s t h a t i s c o n v e n i e n t l y within short walking distance to the 4,5, and 6 trains as well as just steps a w a y f r o m t h e f u t u r e S e c o n d Av e n u e Su b w a y e n t r a n c e o n E a s t 8 3 r d St r e e t a n d E a s t 7 2 n d St r e e t .
Building Income
Gross Revenue Expenses
$251,004 $36,369
Net Income
$214,234
ASKING PRICE: $5,200,000 For further information or inspection, please contact Exclusive Agents:
Stephen P. Palmese
Thomas D. Gammino Jr. Esq.
(718) 307-6552
212.696.2500 x7727
Partner [email protected]
Senior Vice President [email protected]
Brett Weisblum
Associate Director of Sales [email protected]
212.696.2500 x7784
Michael Mazzara
Senior Associate [email protected]
(718) 238-899
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
UPPER EASTSide SIDE BUILDING FOR SALE Upper East Building For Sale FOR INVESTOR ORor USER IdealIDEAL For User/Conversion Investor
403 EAST 539 East78TH 87thSTREET Street NewNew York NY10128 10028 York,, NY
REVENUE: Unit
Type
Status
Lease Exp.
Monthly Rent
Annual Rent
A
Penthouse
FM
Short Term
$
8,000
$
96,000
B
2 Bedroom, 2 Bath
FM
Short Term
$
5,600
$
67,200
C
Single
FM
Short Term
$
2,000
$
24,000
D
1 Bedroom, 1 Bath
FM
Short Term
$
4,500
$
54,000
E
RS
$
645
$
7,740
F
RC
$
172
$
2,064
$
20,917 $
251,004
Real Estate Taxes (14/15)*
$
0
Water & Sewer ($0.70/SF)
$
3,402
Insurance ($1.00/SF)
$
4,860
Electric ($0.20/SF)
$
972
Fuel ($1.60/SF)
$
7,776
Repair & Maintenance ($2.00/SF)
$
9,720
Management (4%)
$
10,040
Total Expenses:
$
36,770
Gross Annual Income:
$
251,004
Less Expenses:
$
36,770
Net Operating Income:
$
214,234
Total Monthly Rent: Total Annual Rent: 2014 EXPENSES (ESTIMATED):
*Parking Garage Pays Full Real Estate Taxes in Perpetuity
ASKING PRICE: $5,200,000 For further information or inspection, please contact Exclusive Agents:
Stephen P. Palmese
Thomas D. Gammino Jr. Esq.
(718) 307-6552
212.696.2500 x7727
Partner [email protected]
Senior Vice President [email protected]
Brett Weisblum
Associate Director of Sales [email protected]
212.696.2500 x7784
Michael Mazzara
Senior Associate [email protected]
(718) 238-899
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
