225 E 58th St
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225 E 58th St
10 Unit Apartment Building $16,726,146 CAD ($1,672,615 CAD/Unit) 3.61% Cap Rate New York, NY 10022
Investment Highlights
- Fully leased mixed-use building with significant in-place income.
- 2001 construction.
- Duplex units, on-site laundry, bike storage, tenant storage.
- 10 Free market residential + 1 commercial store.
- Tenant controlled HVAC / split units.
- Decorative Arts District, adjacent Bloomingdale's flagship.
Executive Summary
B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 225 East 58th Street (the "Property"). The Property is a premium turn-key mixed-use asset in the heart of Midtown Manhattan. The building features 10 free-market residential apartments and a retail store on the ground floor. The property was built in 2001 and features a full basement, shared roof deck, on-site laundry and bike storage. The Property has been meticulously maintained and offers a truly unique opportunity to acquire a premium asset with virtually zero required capital expenditure or renovation.
Property Facts
Unit Amenities
- Air Conditioning
- Sprinkler System
- Deck
- Double Pane Windows
Site Amenities
- Laundry Facilities
- Security System
- Furnished Units Available
- Roof Terrace
- Storage Space
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
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Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 1332-0014 | Improvements Assessment | $2,241,403 CAD |
| Land Assessment | $326,744 CAD | Total Assessment | $2,568,147 CAD |
PROPERTY TAXES
Parcel Number
1332-0014
Land Assessment
$326,744 CAD
Improvements Assessment
$2,241,403 CAD
Total Assessment
$2,568,147 CAD
zoning
| Zoning Code | R8B (R8B) |
| R8B (R8B) |
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225 E 58th St
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