Description
Currently, there is a long-term, stabilized tenant in place, paying $1,340.60 per month in rent. This covers all but $11.18 of your monthly maintenance fees, allowing you to maintain a very low total annual net expense of $134.16 (subject to potential rent and maintenance increases). With a stable tenant in place, you'll never need to worry about finding a new one.
The real opportunity here lies in the purchase price, which is significantly lower than the market value of comparable vacant apartments in the area. Serious buyers are encouraged to reach out for a full showing, though please note that viewing windows are limited due to the tenant's occupancy.
The building is an elevator building with 20 units spread over 5 floors, offering convenient amenities like laundry in the basement and a live-in superintendent.
Building Features 5 Floors19 Units
$275,000
Listed on Jan 13, 2025
20 Days on Market
1 Bed / 1 Bath - / - ft²
Total Monthly Expenses: $1,351
Exclusively listed with: Keller Williams NYC Source: RLS
Abby
Stehula
abbystehula@kw.com
(651) 261-4996
Sandy
Edry
sedry@kwnyc.com
(646) 319-6606
Unit listing history
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