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$ 4,289,000
Est. payment | /mo
8 Beds
7 Baths
$ 4,289,000
Est. payment | /mo
8 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 874436
Bedrooms 8
Full Baths 7
Rental Info No
Year Built 1920
Annual Tax Amount $70,730
Property Sub-Type Duplex
Source onekey2
Property Description
4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.² - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome.
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Location
State NY
County New York (manhattan)
Rooms
Basement Partial
Interior
Interior Features Eat-in Kitchen
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Laundry Outside
Exterior
Utilities Available Electricity Connected
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
Listed by Oxford Property Group USA
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