Northern Manhattan Prime Corner Apartments

Let's have a look at a mixed-use portfolio in a prime location in Northern Manhattan, New York City. This property has 82 residential and 20 commercial units. 38 of the 82 residential units are free market. There are substantial air rights associated with this prime corner building in Hamilton Heights. There are 4 large buildings totaling 115,514 square feet with 225 linear foot frontage along Broadway. Gross annual income is $3,843,709. Net Operation Income is $2,400,000. The residential units range from 2 bedrooms to 5 bedrooms with rents between $1,828 - $5,340. There are 19 commercial units and 1 large storage area. Commercial units rent for $5,504 a month. This is one investment that has plenty of workable metrics. 

For more information email POF: khalidrbey@gmail.com