321 E 108th St - Apartments FOR SALE
New York, NY 10029 |
321 E 108th St
New York, NY 10029
HIGHLIGHTS
- Two meticulously maintained buildings. Zero deferred maintenance.
- Asking a 5.56% Cap Rate or 9.95X GRM allowing for a buyer to get 65%+ financing
- Free market rents are still 15% below market and stabilized rents are 40% below market allowing for future upside potential
- 64% or 53 of 83 units are statutorily free-market allowing a new owner to capitalize on rental growth pressure
- There are $144,715 in annual preferential rents allowing for a new owner to capitalize on rental increases upon a unit turnover
FOR SALE DETAILS
PRICE
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# OF UNITS
-
CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
50000
STORIES
6
YEAR BUILT
1920
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
1680-0011
