Vacant SoHo Building For Sale - Agorafy
Vacant SoHo Building For Sale 19 Howard Street 19 Howard is a 3-story building with basement that can be delivered vacant. Located in SoHo, the building is surrounded by national retail tenants, new hotels and up-scale restaurants which continue to drive demand and retail rents in the area. Excellent accessibility to major transportation lines and trains make the retail and office space highly desirable to a variety of future tenants. This property is the ideal place for a retail flagship corporate headquarters, or an investment property with multiple possible uses. With proper approvals one might be able to convert to single family townhouse use. It is the perfect opportunity for a user interested in occupying all or a portion of the building. Block & Lots:
209 / 15
Lot Dimensions:
24’ x 72.67’ (Approx)
Lot Area:
1,698 SF (Approx)
Building Dimensions:
24’ x 70’ (Approx)
Building Gross SF:
4,415 SF (Approx)
Total Buildable SF:
8,490 SF (Approx)
Zoning:
M1-5B
Historic District:
SoHo Cast Iron
Stories:
3 + BSMT
Assessment:
$ 366,750
R.E Taxes:
$ 37,860
Projected Annual Income:
$ 654,150
Projected Annual Expenses:
$ 57,648
Projected NOI:
$ 596,503
ASKING PRICE: $11,950,000
Projected Cap: 5.0% As of 9.18.14
For further information or inspection, please contact Exclusive Agents: Robert Burton Senior Vice President [email protected] 212-696-2500 x 7770
Stephanie Mitchell Associate [email protected] 212-696-2500 x 7724
Matthew Colantonio Associate [email protected] 212-696-2500 x 7718
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
QUEENS
STATEN ISLAND
WESTCHESTER
209 / 15
Lot Dimensions:
24’ x 72.67’ (Approx)
Lot Area:
1,698 SF (Approx)
Building Dimensions:
24’ x 70’ (Approx)
Building Gross SF:
4,415 SF (Approx)
Total Buildable SF:
8,490 SF (Approx)
Zoning:
M1-5B
Historic District:
SoHo Cast Iron
Stories:
3 + BSMT
Assessment:
$ 366,750
R.E Taxes:
$ 37,860
Projected Annual Income:
$ 654,150
Projected Annual Expenses:
$ 57,648
Projected NOI:
$ 596,503
ASKING PRICE: $11,950,000
Projected Cap: 5.0% As of 9.18.14
For further information or inspection, please contact Exclusive Agents: Robert Burton Senior Vice President [email protected] 212-696-2500 x 7770
Stephanie Mitchell Associate [email protected] 212-696-2500 x 7724
Matthew Colantonio Associate [email protected] 212-696-2500 x 7718
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
QUEENS
STATEN ISLAND
WESTCHESTER
