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42-44 Canal St
New York, NY 10002
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- High Traffic Area
- Conveniently placed to local parks, library, and museums
- Close to public transit
EXECUTIVE SUMMARY
This is a prime investment opportunity because the units are free market on a month to month basis. An investor can renovate the apartments and charge more rents for them. A user can occupy one or two floors and duplex the top floor with the available air rights. The property is located in an area that is under lots of development.
PROPERTY FACTS
| Price Per Unit | $3,166,594 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 2.40% | Lot Size | 0.02 AC |
| No. Units | 5 | Building Size | 4,620 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1910 |
| Zoning | C6-2 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Price Per Unit | $3,166,594 CAD |
| Sale Type | Investment |
| Cap Rate | 2.40% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.02 AC |
| Building Size | 4,620 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | C6-2 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- Vintage Building
ABOUT 42-44 CANAL ST , NEW YORK, NY 10002
A 44’ wide five (5) story mixed use building. The building has two stores on the ground floor, two offices on the second floor, the third and fourth floors each have two one-bedroom apartments. The fifth floor is a floor through three-bedroom apartment. The apartments have 9’ ceilings, with lots of sunlight coming to the front and rear of the building. Each unit is individually metered for gas and electric. The units have their own electric heaters, which is paid by the tenants. The apartments are free market, because the building has less than six residential units.
PROPERTY TAXES
| Parcel Number | 0294-0025 | Improvements Assessment | $740,460 CAD |
| Land Assessment | $154,441 CAD | Total Assessment | $894,901 CAD |
PROPERTY TAXES
Parcel Number
0294-0025
Land Assessment
$154,441 CAD
Improvements Assessment
$740,460 CAD
Total Assessment
$894,901 CAD
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