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205 Henry St
New York, NY 10002
Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Conveniently placed near NYC Health Hospital, Seward Park Library and Dora Cohen Memorial Park
- Located in close proximity to the F Train
EXECUTIVE SUMMARY
A 24’ wide three story mixed-use building, with approve plans for a six story elevatored 10-unit condo mixed-use building. The first floor is community facility space. Floors two through six each have two units per floor; they are all one-bedroom apartments. The six floor will also have a mezzanine space. This is a prime development opportunity because the project is half-complete. The foundation and basement is built, all the plans, permits comes along with the property. The developer is saving time and money with this development opportunity.
The zoning allows a building with two floors of commercial and the upper floors can be residential. The property can also be a fully residential building. The site is also a great user opportunity; a user can have their store or office on the ground floor. The first floor can be
converted into parking space since the property has a curb cut. They can have an office on the second floor, live on the third & fourth floors and rent out the other two floors.
The zoning allows a building with two floors of commercial and the upper floors can be residential. The property can also be a fully residential building. The site is also a great user opportunity; a user can have their store or office on the ground floor. The first floor can be
converted into parking space since the property has a curb cut. They can have an office on the second floor, live on the third & fourth floors and rent out the other two floors.
PROPERTY FACTS
| Price Per Unit | $454,337 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 9.56% | Lot Size | 0.05 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,872 SF |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R7-2 & C1-5 - Medium-density apartment house district with lower parking requirements | ||
| Price Per Unit | $454,337 CAD |
| Sale Type | Investment |
| Cap Rate | 9.56% |
| Sale Condition | Redevelopment Project |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 4,872 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R7-2 & C1-5 - Medium-density apartment house district with lower parking requirements |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
PROPERTY TAXES
| Parcel Number | 0285-0014 | Improvements Assessment | $72,549 CAD |
| Land Assessment | $221,185 CAD | Total Assessment | $293,734 CAD |
PROPERTY TAXES
Parcel Number
0285-0014
Land Assessment
$221,185 CAD
Improvements Assessment
$72,549 CAD
Total Assessment
$293,734 CAD
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