ID: 130046AB575
Although all information
furnished regarding property for sale, rental or financing is from sources
deemed reliable, no express representation is made nor is any implied as
to the accuracy thereof and is subject to error, omissions, change of price,
rental or other conditions, prior sale, rental or financing or withdrawal
without notice. No warranties or representations are made as in the condition
of the property of any hazards contained therein nor are any implied.
Page 2
Prime Upper East Side Mixed-Use Corner Building
ADDRESS:
1442 First Avenue (aka 400-402 East 75th Street), New York, NY 10021
INTERSECTION:
Southeast corner of 75th Street
DESCRIPTION:
Prime 4-story mixed-use corner building with 6 apartments, basement, and three (3) retail stores. The retail restaurant is also comprised of an enclosed sidewalk cafe. There are approximately 100 seats occupying the restaurant and enclosed sidewalk cafe space with a permissible occupancy of up to 190 people. The restaurant has a full liquor license.
YEAR
BUILT:
1910 (Estimated)
STORIES:
4
LOT
SIZE:
25.5 ft x 88 ft
BLDG.
BUILT:
25.5 ft x 88 ft
LOT
SF:
2,244
BLDG.
GROSS SF:
6,852
BLOCK:
1469 / LOT: 46
ASSESSMENT:
$557,700
ZONING:
C1-9
FAR:
10
AVAIL.
AIR RIGHTS:
15,588 (Approximately)
LAYOUT:
6/1Br
Total Apts: 6
Total Store: 3
1ST MORTGAGE:
Will deliver free and clear.
INCOME:
Type
No. of Units
Amount
Stores
2
$34,800.00
Projected: Restaurant
1
$300,000.00
Apartments
6
$94,665.12
Total Estimated:
$429,465.12
ESTIMATED EXPENSES:
Type
Yearly Amount
Taxes
$68,538.00
Water & Sewer
$3,000.00
Insurance
$5,000.00
Fuel
$16,000.00
Electric
$2,000.00
Superintendent
$2,400.00
Maintenance and the annual sidewalk cafe license fee of approx. $20,000
$28,500.00
$0.00
Total Estimated:
$125,438.00
Estimated Net Profit:
$304,027.12
PRICE:
$7,700,000
TERMS:
All Cash
ID: 130046AB575
Although all information
furnished regarding property for sale, rental or financing is from sources
deemed reliable, no express representation is made nor is any implied as
to the accuracy thereof and is subject to error, omissions, change of price,
rental or other conditions, prior sale, rental or financing or withdrawal
without notice. No warranties or representations are made as in the condition
of the property of any hazards contained therein nor are any implied.
Page 3
1442 First Avenue (aka 400-402 East 75th Street) New York, NY 10021
ID: 130046AB575
Although all information
furnished regarding property for sale, rental or financing is from sources
deemed reliable, no express representation is made nor is any implied as
to the accuracy thereof and is subject to error, omissions, change of price,
rental or other conditions, prior sale, rental or financing or withdrawal
without notice. No warranties or representations are made as in the condition
of the property of any hazards contained therein nor are any implied.
Page 4
1442 First Avenue (aka 400-402 East 75th Street) New York, NY 10021
ID: 130046AB575
Although all information
furnished regarding property for sale, rental or financing is from sources
deemed reliable, no express representation is made nor is any implied as
to the accuracy thereof and is subject to error, omissions, change of price,
rental or other conditions, prior sale, rental or financing or withdrawal
without notice. No warranties or representations are made as in the condition
of the property of any hazards contained therein nor are any implied.
Page 5
1442 First Avenue (aka 400-402 East 75th Street) New York, NY 10021
ID: 130046AB575
Although all information
furnished regarding property for sale, rental or financing is from sources
deemed reliable, no express representation is made nor is any implied as
to the accuracy thereof and is subject to error, omissions, change of price,
rental or other conditions, prior sale, rental or financing or withdrawal
without notice. No warranties or representations are made as in the condition
of the property of any hazards contained therein nor are any implied.
