7 free market units, with 5 commercial spaces, mixed use building

7 Free market units with 5 commercial spaces.
A package of two mixed-use buildings on Frederick Douglas Blvd along with a two story commercial building located at 303 West 128th Street. 2391 Frederick Douglas Blvd is a 25’ wide four unit four story corner mixed-use building. 2391 Frederick Douglas Blvd is a 25’ wide three unit four story mixed-use building. 303 West 128th Street is a two story commercial building. 
The zoning, lot size makes the property a prime development opportunity. The zoning allows a 43,056 square feet property to be built, this would include inclusionary housing. The apartments would be a mixture of one and two bedroom apartments.   
Total Annual Income: $621,300, to   $678,000
Total expenses: $102,073.8
Net Operating Income: $575,926.2 CAP RATE: 5.8% 
For more information email me to vardan@avenuesny.com
ASKING PRICE: $10,000,000