Prime Manhattan Location. Proven Demand. Delivered Vacant. One-of-a-kind investment opportunity in Central Manhattan. Key takeaways include:
- Cap Rate 5%
- Ideally located just two blocks from multiple subway lines
- Surrounded by food markets, restaurants, and everyday conveniences.
- A major hospital is only one block away, making this property especially attractive to hospital staff
- Consistently strong rental demand with minimal vacancy.
Each apartment is equipped with split systems providing both heating and air conditioning for year-round comfort. The building features newly installed hot water boilers and a recently upgraded electrical system, offering peace of mind for investors.
Additional amenities include a coin-operated washer and dryer conveniently located in the hallway for tenant use.
Property can be delivered vacant, providing flexibility for repositioning, owner occupancy, or lease-up at current market rents.
Will sell fast!