676 Avenue Of The Americas - Storefront Retail/Office FOR SALE


New York, NY 10010- Flatiron District
$14,300,000 USD
516-279-8828
676 Avenue Of The Americas, New York, NY for Sale
$14,300,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 5.02% Cap Rate

676 Avenue Of The Americas
New York, NY 10010
Flatiron District


HIGHLIGHTS

  • Calling All Investors, Developers & End-Users!!!
  • 7,200 Sqft. Building/ Development Site For Sale!!!
  • Located On The Corner Of 6th Avenue & W. 21st Street (Only 2 Blocks Away From Madison Square Park)!!!
  • The Property Features High Ceilings, Great Exposure, Excellent Signage, Huge Upside Potential, +++!!!
  • Neighbors Include Best Buy, Bounce, Michael's, McDonald's, Trader Joe's, +++!!!
  • According To The Owner Another 4.5 Stories (14,500 Sqft.) Can Be Developed

OVERVIEW

Calling All Investors, Developers & End-Users!!! 7,200 Sqft. Building/ Development Site For Sale!!! Located On The Corner Of 6th Avenue & W. 21st Street (Only 2 Blocks Away From Madison Square Park)!!! The Property Features High Ceilings, Great Exposure, Excellent Signage, Huge Upside Potential, +++!!! Neighbors Include Best Buy, Bounce, Michael's, Slate, McDonald's, Marshalls, Staples, The Outback, Trader Joe's, +++!!! According To The Owner Another 4.5 Stories (14,500 Sqft.) Can Be Developed!!! The Property Is Currently Home To A Successful Liquor Store, Lounge & T-Mobile. T-Mobile's Cell Tower Lease Has 3 Years Remaining. The Cell Companies Are Aggressively Seeking A Lease. Income: Liquor Store: $468,000 Lounge: $192,000 T-Mobile: $49,644 Roof: $200,000 (Available) Gross Income: $899,644 (Proforma) Expenses: Insurance: $17,000 Taxes: $165,000 Total Expenses: $182,000 Net Operating Income (NOI): $717,644 (Proforma)

FOR SALE DETAILS

PRICE

$14,300,000 USD

PRICE/SF

$1,986 USD /SF

CAP RATE

5.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Bar, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,698 SF

ZONING

C6-2A

APN/PARCEL ID

0823-0001

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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