113 39 St, New York, NY 10016

4 Unit Apartment Building | $4,500,000 ($1,125,000/Unit) | 7% Cap Rate | New York, NY 10016

Asking Price $4,500,000

Property Type
Multifamily
Square Feet
6,300 SF

Listing Contacts

  • Property Info

Property Overview

This brownstone is $4.5mm with two possible scenarios:
An Triple Net Lease Back: $26,250 per month, $315,000 per year, with a Triple Net Lease, 7% cap rate. Lease terms: initial 5 years and x3 5-year options, 1% annual increases.
OR
The existing owner becomes a tenant at $60psf for 2,250sf ($135,000/year, $11,250/mo) that includes the basement storage and first two floors: The new owner takes over the upper floors which includes a full floor 3br apartment, x3 studios that are now turned into 2 bedrooms, and one RS tenant.

There is a surgery center on Floor 1. Floor 2 has a floor through one bedroom used as corporate offices. Please call to arrange a tour.

Property Details

Class
C
Year Built
1900
Stories
5
Lot Size (sq. ft)
1,742 SF
Units
4

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