Ten-story mixed-use elevator building built in 2009
29 residential lofts with 20' ceilings — all fully occupied (6 affordable units)
8,300 SF commercial unit with elevator — half recently leased for $14,000/month to a high end gym
3 levels of parking with 60 spots generating monthly income
Potential to add 6,985 SF of parking on the second-floor roof
Includes cellar storage and a loading dock
421a tax exemption in place until July 2038
Building measures 77,664 SF on a 96.08' x 183.33' lot
Current gross annual income: $2,158,235.
Current net annual income: ~$1,863,163.
Legal residential rent roll: $1,401,975/year
Projected total gross income with full commercial lease: ~$2,352,375.
Actual cap rate: 7.76%