524 Ninth Ave - Apartments FOR SALE


New York, NY 10018- Garment District
$6,950,000 USD
212-544-9500
524 Ninth Ave, New York, NY for Sale
$6,950,000 USD
Apartments - FOR SALE
1/8
null | 5.82% Cap Rate

524 Ninth Ave
New York, NY 10018
Garment District


HIGHLIGHTS

  • Fully Renovated, FM Units
  • Cell Tower Income: Ability to sell rights to cell tower income stream
  • Hudson Yards / Midtown West Location

OVERVIEW

• Corner Building Located at Ninth Avenue & 39th Street • Strong Retail Tenancy • Tax Class 2A • 3 Fully Renovated 3BR/1BA Apartments • Cell Tower adds significant income • Ability to sell rights to cell tower income to lower basis in property • At the gateway to Hudson Yards, benefiting from strong visibility and continued development of the area • All free-market residential units, providing operational flexibility and insulation from regulatory risk

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$1,884 USD /SF

# OF UNITS

3

PRICE/UNIT

$2,316,667

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1901

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

C1-7A:R8A

APN/PARCEL ID

0763-0001

ASK ABOUT THIS PROPERTY

Christoffer BrodheadAriel Property AdvisorsMore Info
212-544-9500

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Christoffer BrodheadAriel Property AdvisorsMore Info
212-544-9500

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