3.92 % Cap Rate
Located in Chelsea near the meatpacking district
on the east side of 8th Avenue between West 15th Street and
West 14th Street, one block from Google headquarters.
Property is primarily a 2-Family with One Store on the
Grod Floor and 2 Residential its above.
Built in 1901. Perfect for user investor. Currently 2 tenants,
1 Commercial and 1 Residential. Fully Occupied.
Commercial Unit – Pay-O-Matic Store – Monthly Rent $15,457 / Annual $185,490.40 –
Lease Expiration 11/13/2029 plus 5-year option renewal
Residential Unit – Monthly Rent $5,200 / Annual $62,400 – Lease Expiration 06/30/2025
Total monthly income $20,657 / Total annual income $247,890. Total Annual Operating Expenses – ($32,392)
NOI: $215,498 Annually
Contact: 9 1 7 – 2 8 4 – 5 9 2 0