829 9th Avenue, NY
95% Free Market - 20 Unit Mixed Use Building - Mostly Renovated
Overview
Key Highlights
- Price $9,650,000
- Units 18 (95% Free Market)
- Stores 2
- Actual Cap Rate 5.93%
- Investment Type Cash-Flowing Property with Upside
Investment Highlights
• 18 apartments with 2 stores (fully occupied)
• 95% Free Market (17 FM & 1 RS)
• Professionally managed building with complete historical rental records
• 11 units renovated in the last 2 years with value-add in remaining 6 unrenovated units, common space and basement
• Located on a strong retail corridor
• 3 blocks from N, Q, R, W trains (57th Street station) and E, B, D trains (7 Ave)
• 3 to 4 blocks from Columbus Circle/Central Park and the Hudson River Park
• Short walking distance to 6th Avenue and the Midtown Business District
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