INVESTORS ------- Mixed Use Building with a Commercial Tenant in place paying $26,780 a month with a 3% annual increase for the next 9 years with a personal guarantee for the entire amount for the whole ten year term with a confession of judgement on the personal guarantee. The commercial restaurant tenant (INTERMEZZO) has been in business since 1990, and the present operator has been operating for the past 5 years and also operates 10 other restaurants. He also pays 50% of the increase of real estate tax of the base year. There are a total of eight one bedroom rent stabilized apartments. The total yearly expenses are $72,000 with an annual rent roll of $400,708 = 4% Cap Rate.
Rarely Available Classic Federal Townhouse on a Supreme Chelsea Block. The quintessential 25-foot-wide Federal townhouse in the center of one of Chelsea's most coveted landmark streets awaits the discerning owner. Built circa 1835 by James Wells for the renowned Clement Clarke Moore, author of "The...
Listing ID 2509010
Masterfully renovated with extraordinary attention to all details, this magnificent penthouse duplex sun filled prewar loft home resides in the Chelsea Atelier, a full service condominium building located in the epicenter of the highly sought after Chelsea neighborhood. With nearly 5000SF of living...
Listing ID 2447338
Listing Agent: Elan Gabai
Courtesy of: Douglas Elliman 575 Madison Ave
Office Phone: 212.891.7000
Updated: 26th July, 2017 5:09 PM.
202 Eighth Avenue New York, NY