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110 Madison St 25 Unit Apartment Building $10,864,000 CAD ($434,560 CAD/Unit) New York, NY 10002
Investment Highlights
- Strong Lower East Side Location
- Highly Favorable Assumable Loan
- Proximity To The Hudson River Park And East River Esplanade
- Proximity to Transportation
- Proximity To Retail Amenities
Executive Summary
Avison Young, as exclusive agent, is pleased to present the offering for sale of 110 Madison Street (the “Property”), a six-story, 25-foot-wide walk-up located on the south side of Madison Street between Catherine and Market Streets in Manhattan’s Lower East Side. The Property comprises approximately 13,238 gross square feet and is configured with twenty-one (21) free-market units and four (4) rent-stabilized units. The offering is further enhanced by a highly attractive assumable loan featuring a remaining balance of $7.1 million at a fixed interest rate of 3.08%, with 4.25 years remaining to maturity.
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Property Facts
| Price | $10,864,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $434,560 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 25 | Building Size | 13,238 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/1960 |
| Zoning | R7-2 - Residential | ||
| Price | $10,864,000 CAD |
| Price Per Unit | $434,560 CAD |
| Sale Type | Investment |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 13,238 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1910/1960 |
| Zoning | R7-2 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0276-0034 | Improvements Assessment | $978,784 CAD |
| Land Assessment | $242,974 CAD | Total Assessment | $1,221,757 CAD |
Property Taxes
Parcel Number
0276-0034
Land Assessment
$242,974 CAD
Improvements Assessment
$978,784 CAD
Total Assessment
$1,221,757 CAD
Contacts
-
Brandon Polakoff -
Joseph Moran -
Miles Davis-Bosch -
Peter Gottsacker -
Avison Young
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110 Madison St
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