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53 East 7th Street #HSE
Townhouse in East Village •  building info
20bd • 12ba • 10,116ft² $524 per ft²
Sold price

$5,300,000

Key Details
Days on market
98
Last price change
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Estimated payment
$38,815/mo
Taxes
$9,445/mo
Maintenance
N/A
Description
This well-maintained 12-unit building stands as a testament to diligent upkeep, with key structural and mechanical systems such as the faade, parapet, gas lines, roofing, and lead compliance all thoroughly maintained. All major components are current, minimizing deferred maintenance. The 12 units, while similar in size, offer a variety of 1-, 2-, and 3-bedroom layouts, appealing to a diverse tenant population and allowing for rental flexibility. Recently, four free-market apartments have been upgraded with in-unit washer/dryers, adding convenience for tenants and enhancing rental value. The pro forma Net Operating Income (NOI) is dependable, derived from conservative projections for increases in free-market unit rents and confirmed rental growth for rent-stabilized apartments. With full occupancy, no arrears, and no outstanding issues, this property represents a turnkey investment opportunity.

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Important Stuff
Washer/Dryer in unit
Virtual Doorman
Home features
Dishwasher
Hardwood floors
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City

Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$5,300,000
Asking Price: $5,300,000
Term
30 Years
Down Payment
$530,000 (10%)
Min: 10% (530,000)
Rate
6.25 %
Mortgage Amount
$4,770,000
Mortgage Payment
$29,370
Taxes
$9,445
Estimated closing cost
$240,000
Total monthly cost $38,815
Listing Courtesy of Compass

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