225 E 58th St - Apartments FOR SALE


New York, NY 10022- Midtown East
$11,800,000 USD
646-933-2677
225 E 58th St, New York, NY for Sale
$11,800,000 USD
Apartments - FOR SALE
1/5
null | 3.5% Cap Rate

225 E 58th St
New York, NY 10022
Midtown East


HIGHLIGHTS

  • Fully Leased Mixed-Use with Significant In-Place Income
  • 10 Free Market Residential + 1 Commercial Store
  • 2001 Construction
  • Tenant Controlled HVAC / Split Units
  • Premium Midtown Location within Decorative Arts District: Adjacent Bloomingdale's Flagship, Bloomberg Tower, Countless Area Amenities & Public Transit

OVERVIEW

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 225 East 58th Street (the "Property"). The Property is a premium turn-key mixed-use asset in the heart of Midtown Manhattan. The building features 10 free-market residential apartments and a retail store on the ground floor. The property was built in 2001 and features a full basement, shared roof deck, on-site laundry and bike storage. The Property has been meticulously maintained and offers a truly unique opportunity to acquire a premium asset with virtually zero required capital expenditure or renovation.

FOR SALE DETAILS

PRICE

$11,800,000 USD

PRICE/SF

$1,080 USD /SF

# OF UNITS

10

PRICE/UNIT

$1,180,000

CAP RATE

3.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2001

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R8B

APN/PARCEL ID

1332-0014

ASK ABOUT THIS PROPERTY

Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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Alex WoodliefB6 Real Estate Advisors LLCMore Info
646-933-2677

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