9 units mixed use building in Upper West Side for $6.450.000

27’ wide, 9-unit multifamily property located on the south side of West 82nd
11,290
GSF, the property features one commercial space which is leased to TwoDO salon
though December of 2024, 7 rental apartments and a large ~3,300 sq. ft. owner’s
duplex spanning the entire 4th & 5th floors. The building is currently configured as
2 one-bedrooms, 3 two-bedrooms, 2 three-bedrooms and a five-bedroom 4 ½ bath
owners’ unit. The owner’s unit was created in 2009 and includes modern finishes,
central air conditioning, security system, laundry room and a private keyed elevator
accessed from a separate door in the main lobby. Of the 7 rental apartments, 4 are
Free Market, 2 are Rent Stabilized (1 is on a preferential rent) and 1 is Rent Controlled.
The property has been well maintained by long term ownership and is being
offered for sale for the first time in over 30 years. Future ownership will have the
opportunity to occupy the owner’s unit while deriving investment income from
the remaining rental units. Additional value can be created via renovations of
the existing Free Market apartments, re-positioning of the basement space and
eventual recapture of the remaining regulated apartments.
NOI $422K