Mixed Use Multifamily | 90 Sullivan St
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Mixed Use Multifamily 90 Sullivan St
7,450 SF 100% Leased Retail Building Wurtsboro, NY 12790 $2,153,835 CAD ($289.11 CAD/SF) 7.18% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Rented - Low,Low Vacancy Rate
- Property Fully Renovated
- Top Restaurant Tenant
EXECUTIVE SUMMARY
Beautiful Restaurant & 7 Newly Renovated Apartments with Metered Utilities.
Multiple Business Income Operations:
- Fully Rented Apartment Building, New, Updated, Top Quality Finishes.
- High Performing, Top-Shelf Restaurant Tenant. Restaurant renovated throughout. Including equipment, new bathrooms, commercial kitchen, bar, tables, flooring, outdoor dining area, sign systems, cable wiring.
7 - 1 Bedroom Apartments- Fully Renovated. All Units Have Metered Electric, new bathrooms, new kitchens, new appliances.
- CAP rate on all existing rented units 7.2%. Not including Ready Storage Rental Business. Additional $25,200 income available.
Multiple Business Income Operations:
- Fully Rented Apartment Building, New, Updated, Top Quality Finishes.
- High Performing, Top-Shelf Restaurant Tenant. Restaurant renovated throughout. Including equipment, new bathrooms, commercial kitchen, bar, tables, flooring, outdoor dining area, sign systems, cable wiring.
7 - 1 Bedroom Apartments- Fully Renovated. All Units Have Metered Electric, new bathrooms, new kitchens, new appliances.
- CAP rate on all existing rented units 7.2%. Not including Ready Storage Rental Business. Additional $25,200 income available.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,450 SF
Building Class
C
Year Built/Renovated
1977/2018
Price
$2,153,835 CAD
Price Per SF
$289.11 CAD
Cap Rate
7.18%
NOI
$154,620 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.32
Lot Size
0.53 AC
Zoning
C1
Parking
40 Spaces (5.37 Spaces per 1,000 SF Leased)
Frontage
70’ on Sullivan
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4003-106-0-0015-001-000 | Total Assessment | $320,007 CAD |
| Land Assessment | $26,537 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $293,470 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
4003-106-0-0015-001-000
Land Assessment
$26,537 CAD
Improvements Assessment
$293,470 CAD
Total Assessment
$320,007 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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Mixed Use Multifamily | 90 Sullivan St
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