188 Audubon Ave
New York, NY 10033
United States
OFF Market deal. FOR $2.700.000. Non negotiable
188 Audubon Ave, Manhattan*
- 12 Units in a 5-story corner building plus 7 commercial Stores
- 2 apartments will be delivered vacant (Super's unit 2A, which is Free Market and unit 4B that was paying $772.00)
- 3 Stores are vacant
- Zoning: R7-2
- Building Sq Ft.: 15,151
*Current Income:*
- Residential: $8,396 / $100,752 Yearly
- Commercial: $10,202 / $122,424 Yearly
(The 5 Vacant units have an additional potential income of $153,264)
*Expenses:*
- Approximately $120k annually
NOI is 256.440
$2.7 million
Note: The 3 vacant commercial, has 3 tenants ready to rent them out at $3k each
He told the Grocery store owner that he is increasing the rent to $3500, and he believes the store will pay the increase as their lease is currently expired,
*Income projection for the vacant units:*
Apt #2A - Fm $3k = $36k Yearly
Apt #4B - RS $772 = $9,264 Yearly
3 Stores @ $3k each × 12 = $108k Yearly
Additional potential income of $153,264