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247 E 50th St 3 Unit Apartment Building $5,538,118 CAD ($1,846,039 CAD/Unit) New York, NY 10022
Executive Summary
Get This Fully Leased Four Story Commercial Property In Turtle Bay Now! @ Commercial Tenants And 2 Residential Tenants, Including A Bar/Restaurant On The First Floor, A Spa On The 2nd Floor And And A Residential Unit On Each Of The Upper 2 Floors. Each Apartment Has A Full Kitchen And Functionality. Situated Perfectly Between Green Acre Park And The 4 And 6 Subway Take Advantage Of The Always Growing NYC Market And Buy Into It At A Reasonable Price. Come Get This Extraordinary Property Before Someone Else Seizes This Fantastic Opportunity!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$326,871
|
$86.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$326,871
|
$86.93
|
| Taxes |
$78,047
|
$20.76
|
| Operating Expenses |
$151,310
|
$40.24
|
| Total Expenses |
$229,357
|
$61.00
|
| Net Operating Income |
$97,514
|
$25.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $326,871 |
| Annual Per SF | $86.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $326,871 |
| Annual Per SF | $86.93 |
| Taxes (CAD) | |
|---|---|
| Annual | $78,047 |
| Annual Per SF | $20.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $151,310 |
| Annual Per SF | $40.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $229,357 |
| Annual Per SF | $61.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $97,514 |
| Annual Per SF | $25.93 |
Property Facts
| Price | $5,538,118 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,846,039 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| No. Units | 3 | Building Size | 3,760 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1901 |
| Zoning | R8B, New York | ||
| Price | $5,538,118 CAD |
| Price Per Unit | $1,846,039 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,760 SF |
| No. Stories | 4 |
| Year Built | 1901 |
| Zoning | R8B, New York |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Oven
Site Amenities
- Spa
- Individual Leases Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $3,461 CAD | 800 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1324-0120 | Total Assessment | $693,144 CAD (2026) |
| Land Assessment | $297,691 CAD (2026) | Annual Taxes | $78,047 CAD ($20.76 CAD/SF) |
| Improvements Assessment | $395,453 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
1324-0120
Land Assessment
$297,691 CAD (2026)
Improvements Assessment
$395,453 CAD (2026)
Total Assessment
$693,144 CAD (2026)
Annual Taxes
$78,047 CAD ($20.76 CAD/SF)
Tax Year
2025
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247 E 50th St
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