Stuyvesant Heights Mixed-Use

Property Details

Composition: 1 - Retail Unit, 3 - Residential Units, and 3 - Garages
Neighborhood:  Stuyvesant Heights
Corner Lot:  20' X 100' or 2,000 SF
Retail:  One (1) Units - 1,300 SF
Residential:  Three (3) Units
Garages:  Three (3) Units - 700 SF
Residential Living Space:  2,600 Total SF

Tenancy Status

The residential unit on the third floor is occupied along with all three (3) garages which each pay $400 per month.  It is believe the tenants in all Third floor residential and all garages occupied.  The remainder of the units will be delivered vacant and free of any tenancy.

Projected Monthly Income

$4,250  Retail
$2,000  Unit 2F
$2,000  Unit 2R
$3,250  Unit 3F
$400  Garage 1
$400  Garage 2
$400  Garage 3
$12,750  Total Monthly Gross

Projected Financials

$152,400  Yearly Income
($17,109)  Real Estate Taxes
($10,000)  Insurance
($1,200)  Common Area Electric
($8,000)  Heat/Hot Water
($3,500)  Water/Sewer
($3,600)  Super
($4,000)  Misc. Repairs/Maintenance
($47,409) Total Expenses
$104,991  Projected Net Operating Income

Inspections / Showings

By Appointment Only.

Basic Terms of Sale

This property will be delivered in “as-is, where-is” condition subject to all tenancies referenced above.  Any sale of this property is non-contingent upon financing. Purchaser to pay all applicable transfer taxes. This property will be sold free and clear of all liens, claims, and encumbrances.  There will be a 6% buyer premium added to the purchase price.

Disclosure

All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.