212 8Th Ave, New York, NY 10011

17 Unit Apartment Building | $8,495,000 ($499,706/Unit) | 6% Cap Rate | New York, NY 10011

Asking Price $8,495,000

Property Type: Multifamily
Square Feet: 9,842 SF

Listing Contacts

Richard Guarino

Verified Profile

Property Info

Property Overview

Total of 4 buildings - all one Boiler. 13 Free Market Apartments, 4 Stabilized apartments.
J-51 Abatement expired. When the 4 Stabilized apartments vacate, they will become Free Market.
Air rights Approx. 1,000 sq. ft.
One boiler for all buildings.
*The retail tenant is currently paying $12,000 per month and has been since Covid. The rent amount in the
lease states the rent of $23,367.50 per month.

Property Details

Class: C
Year Built: 1900
Stories: 4
Property Subtype: Dormitory
Lot Size (sq. ft): 2,614 SF
Units: 17

Highlights

Prime Chelsea Corner
Corner Location
Retail Tenant

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