57 family, 5 story mixed-use building on W 207th Street NYC for 10.500.000

A 109’ wide 57 unit five (5) story mixed-use building. 3852 10th Avenue has two stores on the ground floor and four units at the back. The upper floors have seven apartments per floor. an investor can add value by combining the two stores at 3852 10th Avenue. The commercial overlay allows the second floor to be converted into commercial space.

Lot Size: 109’ x 170’

53,316 Below Grade
44,430 Above Grade

Expenses: Real Estate Taxes: $119,936.28
Water & Sewer: $42,000
Insurance: $30,500
Heat (Gas): $42,000 Electric: 

(common areas)$9,600
Repairs & Maintenance: $12,500
Super:$14,000
Management: (3%): $37,178

Total Annual Expenses: $307,714.28

Net Operating Income: $931,549.96 

CAP RATE: 8.9%

Here is the video

https://www.youtube.com/shorts/Rf1_zQnwUvs