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47 Ann St
New York, NY 10038
Multifamily Property For Sale
·
12 Units
Investment Highlights
- Significant Residential Mark-to-Market Upside
- Vacant Retail Lease-Up Opportunity
- Verifiably Free Market
- Value-Add Renovation Program
- Boutique Mixed-Use Asset
- Strong Submarket Fundamentals
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 47 Ann Street (the “Property”), a 24,610 square foot mixed-use elevator building located in Manhattan’s dynamic Lower Manhattan submarket, within the heart of the Financial District. The Property was converted from a commercial building to it’s current residential use in 1996 meaning that the building has never been subject to rent regulation and is verifiably 100% free market. The Property comprises 12 residential apartments and one ground-floor retail unit, and is situated on a 4,260 square foot lot on Ann Street between Nassau Street and William Street, offering investors immediate access to one of New York City’s most rapidly evolving and supply-constrained neighborhoods.
Property Facts
| Price Per Unit | $1,655,103 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 12 | Building Size | 27,909 SF |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built | 1935 |
| Apartment Style | Mid-Rise | ||
| Zoning | C6-4 | ||
| Price Per Unit | $1,655,103 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 27,909 SF |
| No. Stories | 7 |
| Year Built | 1935 |
| Zoning | C6-4 |
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 |
|---|---|---|---|
| 1+1 | 8 | - | 1 - 600 |
| 2+1 | 4 | - | 700 |
Property Taxes
| Parcel Number | 0092-0017 | Improvements Assessment | $2,300,163 CAD |
| Land Assessment | $393,869 CAD | Total Assessment | $2,694,032 CAD |
Property Taxes
Parcel Number
0092-0017
Land Assessment
$393,869 CAD
Improvements Assessment
$2,300,163 CAD
Total Assessment
$2,694,032 CAD
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