EAST HARLEM BROWNSTONE BUILDING WITH AIR ... - Agorafy
EAST HARLEM BROWNSTONE BUILDING WITH AIR RIGHTS FOR SALE 59 East 126th Street New York, NY 10035 LOCATION:
North side of East 126th Street between Park and Madison Avenues
BLOCK/LOT: LOT DIMENSIONS: LOT AREA:
1751 / 32 20’ x 99.92’ 1,998’ sq. ft.
BUILDING DIMENSIONS: STORIES: EXISTING GROSS SF: UNITS:
20’ x 48’ 4 3,840 sq. ft.
ZONING: MAX FAR: BUILDABLE SF: ADDITIONAL AIR RIGHTS:
R7-2 3.44 6,873 sq. ft. 3,033 sq. ft.
ASSESSMENT (15/16): TAX RATE: R.E. TAXES (15/16):
$115,200 12.855% $14,809
(approx.) (approx.) (approx.)
11 “SRO” Units
(approx.)
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 59 E 126th Street. This 3,840 square foot “SRO” multifamily building measures 20 feet by 48 feet and is located on the north side of E 126th Street between Park and Madison Avenues. The building contains eleven “SRO” units, but will be delivered completely vacant. A full gut renovation is required, allowing for users to create the brownstone of their dreams with live-in plus income potential. Investors will have a chance to capitalize on the neighborhood’s rapidly rising rents. Additionally, there is 3,033 square feet of air rights providing new ownership with the option to extend the property for a total of 6,873 square feet. 59 E 126th Street is one block away from the historic 125th Street, Harlem’s most exciting and rapidly developing retail corridor. East Harlem has become one of Manhattan’s most indemand neighborhoods. Public transportation is easily accessible by the 4,5,6 subway line stop at 125th Street and Lexington Avenue. Additionally, the Metro-North is located at 125th Street and Park Avenue. For further information or to schedule a property inspection, please contact Exclusive Agents:
Lev Kimyagarov
Edward Pierrepont
Director of Sales [email protected] (212) 660-7729
Associate [email protected] (212) 589-5182
NEW ASKING PRICE:
$2,000,000
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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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
North side of East 126th Street between Park and Madison Avenues
BLOCK/LOT: LOT DIMENSIONS: LOT AREA:
1751 / 32 20’ x 99.92’ 1,998’ sq. ft.
BUILDING DIMENSIONS: STORIES: EXISTING GROSS SF: UNITS:
20’ x 48’ 4 3,840 sq. ft.
ZONING: MAX FAR: BUILDABLE SF: ADDITIONAL AIR RIGHTS:
R7-2 3.44 6,873 sq. ft. 3,033 sq. ft.
ASSESSMENT (15/16): TAX RATE: R.E. TAXES (15/16):
$115,200 12.855% $14,809
(approx.) (approx.) (approx.)
11 “SRO” Units
(approx.)
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 59 E 126th Street. This 3,840 square foot “SRO” multifamily building measures 20 feet by 48 feet and is located on the north side of E 126th Street between Park and Madison Avenues. The building contains eleven “SRO” units, but will be delivered completely vacant. A full gut renovation is required, allowing for users to create the brownstone of their dreams with live-in plus income potential. Investors will have a chance to capitalize on the neighborhood’s rapidly rising rents. Additionally, there is 3,033 square feet of air rights providing new ownership with the option to extend the property for a total of 6,873 square feet. 59 E 126th Street is one block away from the historic 125th Street, Harlem’s most exciting and rapidly developing retail corridor. East Harlem has become one of Manhattan’s most indemand neighborhoods. Public transportation is easily accessible by the 4,5,6 subway line stop at 125th Street and Lexington Avenue. Additionally, the Metro-North is located at 125th Street and Park Avenue. For further information or to schedule a property inspection, please contact Exclusive Agents:
Lev Kimyagarov
Edward Pierrepont
Director of Sales [email protected] (212) 660-7729
Associate [email protected] (212) 589-5182
NEW ASKING PRICE:
$2,000,000
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. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. 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
