330 West 86th Street is the dream building for investors, landlords, and for those in need of a savvy 1031 exchange acquisition.
The building contains 10 FREE MARKET rental apartments for under $10MM. All units in the building - all ten of them - are in fantastic condition, featuring high-quality renovations, top-of-the-line appliances, and zoned AC.
To make matters better, the tenants pay 100% of their own utilities, as the building has no boiler and was converted to a hot-water heater system.
Currently priced at a 3 cap (minus the super's expense), it also contains approximately 13K square feet of air rights.
Building expenses total approximately $103K per year, with approx. annual gross revenues of $383K. The superintendent has been in place for quite some time and lives within short distance of the premises.
We are an equal housing opportunity provider. Consistent with applicable law, we do not discriminate on the basis of race, creed, color, national origin, sexual orientation, lawful source of income, military status, sex, gender identity, age, disability, familial status (having children under age 18), or religion. Equal Housing Opportunity.