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716 10th Ave
New York, NY 10019
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Free market mixed-use building investment opportunity located in prime midtown west special Clinton District of Manhattan, New York City.
- The R8, C2-5 allows for an as of right FAR of 6.02. There are about 3,714 square feet of additional air rights associated with this property.
- Opportunity to acquire adjacent mixed-use building at 714 10th Avenue.
Executive Summary
Investment Overview: 716 Tenth Avenue contains one four-story mixed-use buildings consisting of three full-floor free market apartments and one retail unit. Zoned R8, C2-5, the lot dimensions are 20.08 ft. x 64 ft. and the building dimensionsare 20 ft. x 50 ft. on all floors. All of the apartments are configured as 3-bedroom units.The property is steps from Times Square, the Jacob Javits Center and the Port Authority Bus Terminal which includes access to the A, C and E subway lines. This opportunity is also located on the border of the city’s new Hudson Yards transformation, which is in the process of developing over 13 million square feet of commercial, residential and communal developments.
716 10th Ave maybe sold in dividually or as part of a package that consists of 714-716-718-720 10th ave.
716 10th Ave maybe sold in dividually or as part of a package that consists of 714-716-718-720 10th ave.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 3 | Lot Size | 0.03 AC |
| Property Type | Multifamily | Building Size | 4,016 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1910/1987 |
| Zoning | R8 - High Density Residential District. | ||
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 4,016 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1910/1987 |
| Zoning | R8 - High Density Residential District. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | 1,000 |
Property Taxes
| Parcel Number | 1059-0002 | Improvements Assessment | $364,368 CAD |
| Land Assessment | $274,445 CAD | Total Assessment | $638,813 CAD |
Property Taxes
Parcel Number
1059-0002
Land Assessment
$274,445 CAD
Improvements Assessment
$364,368 CAD
Total Assessment
$638,813 CAD
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