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225 E 58th St 10 Unit Apartment Building $16,246,004 CAD ($1,624,600 CAD/Unit) 3.50% Cap Rate New York, NY 10022
INVESTMENT HIGHLIGHTS
- Fully Leased Mixed-Use with Significant In-Place Income
- 2001 Construction
- Premium Midtown Location within Decorative Arts District: Adjacent Bloomingdale's Flagship, Bloomberg Tower, Countless Area Amenities & Public Transit
- 10 Free Market Residential + 1 Commercial Store
- Tenant Controlled HVAC / Split Units
EXECUTIVE SUMMARY
B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 225 East 58th Street (the "Property"). The Property is a premium turn-key mixed-use asset in the heart of Midtown Manhattan. The building features 10 free-market residential apartments and a retail store on the ground floor. The property was built in 2001 and features a full basement, shared roof deck, on-site laundry and bike storage. The Property has been meticulously maintained and offers a truly unique opportunity to acquire a premium asset with virtually zero required capital expenditure or renovation.
PROPERTY FACTS
| Price | $16,246,004 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,624,600 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 3.50% | Building Size | 10,925 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2001 |
| Zoning | R8B - R8B | ||
| Price | $16,246,004 CAD |
| Price Per Unit | $1,624,600 CAD |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 10,925 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2001 |
| Zoning | R8B - R8B |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Sprinkler System
- Deck
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Security System
- Furnished Units Available
- Roof Terrace
- Storage Space
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 1332-0014 | Improvements Assessment | $2,288,498 CAD |
| Land Assessment | $319,069 CAD | Total Assessment | $2,607,566 CAD |
PROPERTY TAXES
Parcel Number
1332-0014
Land Assessment
$319,069 CAD
Improvements Assessment
$2,288,498 CAD
Total Assessment
$2,607,566 CAD
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225 E 58th St
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