110 Madison St - Apartments FOR SALE


New York, NY 10002- Two Bridges
$8,000,000 USD
212-230-5998
110 Madison St, New York, NY for Sale
$8,000,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

110 Madison St
New York, NY 10002
Two Bridges


HIGHLIGHTS

  • Strong Lower East Side Location
  • Proximity to Transportation
  • Highly Favorable Assumable Loan
  • Proximity To Retail Amenities
  • Proximity To The Hudson River Park And East River Esplanade

OVERVIEW

Avison Young, as exclusive agent, is pleased to present the offering for sale of 110 Madison Street (the “Property”), a six-story, 25-foot-wide walk-up located on the south side of Madison Street between Catherine and Market Streets in Manhattan’s Lower East Side. The Property comprises approximately 13,238 gross square feet and is configured with twenty-one (21) free-market units and four (4) rent-stabilized units. The offering is further enhanced by a highly attractive assumable loan featuring a remaining balance of $7.1 million at a fixed interest rate of 3.08%, with 4.25 years remaining to maturity.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$495 USD /SF

# OF UNITS

25

PRICE/UNIT

$320,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,718 SF

ZONING

R7-2

APN/PARCEL ID

0276-0034

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.