47 Ann St - Apartments FOR SALE


New York, NY 10038- Financial District
$14,500,000 USD
212-729-1851
47 Ann St, New York, NY for Sale
$14,500,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate


HIGHLIGHTS

  • Significant Residential Mark-to-Market Upside
  • Value-Add Renovation Program
  • Vacant Retail Lease-Up Opportunity
  • Boutique Mixed-Use Asset
  • Verifiably Free Market
  • Strong Submarket Fundamentals

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 47 Ann Street (the “Property”), a 24,610 square foot mixed-use elevator building located in Manhattan’s dynamic Lower Manhattan submarket, within the heart of the Financial District. The Property was converted from a commercial building to it’s current residential use in 1996 meaning that the building has never been subject to rent regulation and is verifiably 100% free market. The Property comprises 12 residential apartments and one ground-floor retail unit, and is situated on a 4,260 square foot lot on Ann Street between Nassau Street and William Street, offering investors immediate access to one of New York City’s most rapidly evolving and supply-constrained neighborhoods.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$520 USD /SF

# OF UNITS

12

PRICE/UNIT

$1,208,333

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

7

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C6-4

APN/PARCEL ID

0092-0017

ASK ABOUT THIS PROPERTY

Charles KingsleyAvison YoungMore Info
212-729-1851

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Charles KingsleyAvison YoungMore Info
212-729-1851

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