351 4Th St, New York, NY 10009
33 Unit Apartment Building | $17,000,000 ($515,152/Unit) | 2.68% Cap Rate | New York, NY 10009
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $17,000,000
- Property Type
-
Multifamily
- Square Feet
- 30,629 SF
Listing Contacts
Benjamin Chin
Verified Profile
- Property Info
Property Overview
Long-term Investment Opportunity: Tax Abatement expired in 2023 allowing Free Market Rents upon vacancy in a Modern 33-Unit Elevator Building.
Discover an exceptional investment opportunity with this 33-unit fireproof building, constructed in 2000. This high-income property is designed for long-term success and is currently 100% occupied, ensuring immediate and stable returns.
Key Features:
Fire Safety: This building is equipped with a comprehensive fire safety system, including a full sprinkler setup, standpipe, fire pump, and self-closing apartment doors. It is classified as a Class A fireproof dwelling, providing unparalleled safety for residents.
Accessibility: The entire building is 100% handicap accessible and adaptable with elevator, ensuring convenience and compliance with accessibility standards.
Modern Construction: Built with steel and concrete in 2001, the property features elegant Travertine Marble walls and durable Quarry tile floors, offering both aesthetics and longevity.
Landlord Benefits: The basement includes over 1,500 square feet of landlord-owned storage space with separate front outside access, perfect for additional rental income or personal use.
Security: Enhanced security measures include surveillance cameras strategically placed outside and in the lobby for resident safety and peace of mind.
Apartment Amenities:
Adaptability: Each apartment is handicap adaptable, making it suitable for a diverse range of tenants.
Kitchens: Enjoy modern pass-through kitchen counters, ideal for entertaining and efficient meal preparation.
Flooring: Beautiful parquet wood flooring adds warmth and style to each unit.
Comfort: Bathrooms are equipped with heaters, ensuring comfort during colder months.
This building represents a unique opportunity for investors seeking a property that combines safety, accessibility, and modern amenities. With its solid construction, full occupancy, and robust income potential, this is a chance to secure a high-performing asset in a prime location.
Don't miss out on this rare offering. Contact us today to learn more and schedule a viewing!
Discover an exceptional investment opportunity with this 33-unit fireproof building, constructed in 2000. This high-income property is designed for long-term success and is currently 100% occupied, ensuring immediate and stable returns.
Key Features:
Fire Safety: This building is equipped with a comprehensive fire safety system, including a full sprinkler setup, standpipe, fire pump, and self-closing apartment doors. It is classified as a Class A fireproof dwelling, providing unparalleled safety for residents.
Accessibility: The entire building is 100% handicap accessible and adaptable with elevator, ensuring convenience and compliance with accessibility standards.
Modern Construction: Built with steel and concrete in 2001, the property features elegant Travertine Marble walls and durable Quarry tile floors, offering both aesthetics and longevity.
Landlord Benefits: The basement includes over 1,500 square feet of landlord-owned storage space with separate front outside access, perfect for additional rental income or personal use.
Security: Enhanced security measures include surveillance cameras strategically placed outside and in the lobby for resident safety and peace of mind.
Apartment Amenities:
Adaptability: Each apartment is handicap adaptable, making it suitable for a diverse range of tenants.
Kitchens: Enjoy modern pass-through kitchen counters, ideal for entertaining and efficient meal preparation.
Flooring: Beautiful parquet wood flooring adds warmth and style to each unit.
Comfort: Bathrooms are equipped with heaters, ensuring comfort during colder months.
This building represents a unique opportunity for investors seeking a property that combines safety, accessibility, and modern amenities. With its solid construction, full occupancy, and robust income potential, this is a chance to secure a high-performing asset in a prime location.
Don't miss out on this rare offering. Contact us today to learn more and schedule a viewing!
Property Details
- Class
- B
- Year Built
- 2000
- Stories
- 8
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 33
Highlights
- Tax Abatement Expired in 2023 allowing Free Market Rents upon Vacancy
- 2001 Modern 33-Unit Elevator & Sprinkler Building
- Outdoor Common Courtyard Recreation Area and Bicycle Storage
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