Listing Details

Kips Bay Building


Photo 1



Listing Details:

Listing ID#: 4970
Property Type: Building
Area: Kips Bay
Price: $15,000,000

Property Information:

Rooms: 0
Bedrooms: Building
Bathrooms: 1

Apartment Features:

(No apartment features listed)

Building Features:

(No building features listed)

Description:

SELLER WILL HOLD 2nd MORTGAGE Plot Size: 55’ x 98’ Built: 55’ x 89’ Description: Five-story ELEVATOR building Total apartments: 45. Reno’d Common Areas and New Bldg Systems

INCOME: $1,045,313 EXPENSES: (Estimated) Real Estate Taxes (09/10) $92,219 Water/Sewer (08 metered) $3,754 Insurance $7,500 Payroll $15,000 Fuel (gas) $40,000 Electric $2,500 Repairs $10,000 TOTAL EXPENSES: $170,973 ESTIMATED NET PROFIT: $874,340

RENT ROLL: Rent Expiration # BRs $1,127.91 11/30/11 $2,000.00 Proj $2,000.00 Proj $599.80 6/30/10 $967.75 4/30/10 $1,254.91 8/31/11 $3,200.00 6/30/10 2 $2,500.00 1/31/10 1 $955.88 5/31/10 $2,000.00 2/28/10 1 $2,395.00 Proj $2,200.00 10/31/10 1 $1,207.18 6/30/10 $2,300.00 7/31/10 1 $2,895.00 8/31/10 1 $2,895.00 11/30/10 $1,137.73 12/31/10 $2,600.00 7/31/10 1 $2,100.00 12/31/10 1 $1,471.04 7/1/11 $1,699.12 7/31/10 $1,158.42 9/30/11 $2,395.00 Proj $2,600.00 8/31/10 1 $2,095.00 5/31/10 1 $2,200.00 1/31/10 1 $2,895.00 8/31/10 1 $1,701.31 10/31/10 $1,423.00 10/31/10 $2,500.00 7/31/10 $1,639.21 12/31/10 $2,200.00 10/31/10 1 $2,100.00 1/31/10 1 $2,395.00 Proj 1 $983.36 12/31/11 $1,570.87 4/30/10 $1,466.44 12/31/10 $1,359.11 6/30/10 $2,825.00 7/31/11 1 $3,495.00 7/31/10 $1,132.74 12/31/10 $2,395.00 10/31/11 1 $1,032.26 12/31/10 $2,895.00 Proj $1,146.41 12/31/10

FOR MORE INFO CALL HANNAH 646-320-2795

Hannah Cohen-Akoka

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Cell: (646) 320 2795
Phone: (646) 320-2795
Fax: (212) 422-1784
hcohen@urban-sanctuary.net

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