217 East 30th Street , 1

Building · Kips Bay · $3,700,000

TAXES - $5,500/Mo ·

The Beyond Capital Team is pleased to offer the sale of 217 E 30th Street. The property is a unique 4-unit income producing townhouse with an additional carriage house in the rear, overlooking a beautiful courtyard that spans one full square block. The property currently consists of a total of five (5) free market rental units across approximately 4,020± SF and has been recently renovated and well-maintained. The property has seven (7) bedrooms & (7) bathrooms with a total of twenty-three (23) rooms. It is located on the north side of East 30th Street between 2nd and 3rd Avenues in the Murray Hill Historic District.

The main house is comprised of a ground floor duplex 2-bed/2-bath unit, along with one (1) studio unit and entrance to the rear carriage house. The second and third floor's both have one (1) bedroom respectively. The apartments feature spacious bedrooms, tall ceilings, lots of natural light, hardwood floors, in unit washers/dryers in select renovated units, exposed brick, and fireplaces. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals. Existing rents currently yield a 4.75% cap rate.

Actual Annual Rent: $ 262,800
Expenses: $ 78,000
NOI $ 184,800
CAP RATE: 4.75 %

The subject property offers a multitude of uses potentially fitting the needs of many types of investors or users. 217 E 30th has the ability to be delivered with an existing rent roll with an upside for long term investment.The property is zoned R7B, with a residential and facility FAR of three (3). Nearby attractions and neighborhood staple include Bryant Park, Morgan Library and Museum, Murray Hill Market, Trader Joe's and many more bustling shops and spirited bars. The property is just a short walk from the six (6) train at 28th street and Grand Central Terminal which serves the 4, 5, 6, 7 & S shuttle train and Metro-North LIRR Railroad providing access to Long Island and Connecticut. This property will always retain its relevance in such an established transit hub in New York City.

Please email for an offering memorandum.

WebID: 261840 - Listing Courtesy of Mirza Avdovic