Effective rent is $7500/month which ends up being $45 psf. Monthly Maintenance of 2771.74 and mortgage of $3541.29.
Available for sale, $1,128,500, 55 East 87th Street, 1C is a lobby entrance medical, or professional office space located in Carnegie Hill on the Upper East Side between Madison and Park Avenue just one block from Central Park, and three blocks from the Guggenheim Museum.
The layout of approximately 2000 square feet includes two restrooms, three closets, a storage area and kitchenette. Balcony
Currently a medical billing office, this space is adaptable to many medical, financial and pofessional specialties.
55 East 87th Street, 1C is easily accessible by public transportation via the 4, 5, 6, and Q, train lines and UES bus routes. This suite is proximate to Lenox Hill, Mount Sinai and New York-Presbyterian hospitals.
Approx Maint: $2771.74/month
Flip Tax: 2%
Financing: 70% maximum
Owner financing is available @ 6% for 30 year term. No prepayment penalty. $4728.26 monthly results in effective rent of $45 psf. When rates go down, refinance and lower your payments! Why rent when you can own and control your own destiny!