Multi-family

248 10th Ave, New York, NY, 10001: Investment Property Overview

This property is a 3-star mid-rise apartment building located in a prime area within the Central Business District (CBD) of New York. It is available for purchase as part of a portfolio at $25,000,000, with a cap rate of 5.07%, offering a solid investment opportunity.

Property Details

• Price: $25,000,000
• Units: 9
• Building Area (GBA): 19,721 SF
• Stories: 6
• Typical Floor Size: 3,287 SF
• Buildings on Site: 2

Key Highlights

1. Strong Investment Potential: With a cap rate of 5.07%, the property is positioned to generate steady income and offer long-term value growth.
2. Location Advantage: Situated in the CBD, the property benefits from excellent connectivity and access to Manhattan’s bustling business and residential hubs.
3. Modern Infrastructure: Class B designation reflects its well-maintained status and modern amenities.
4. Flexible Use: Offers market-rate rent options, providing flexibility for future leasing opportunities.

This is an exceptional chance for investors seeking high-value assets in one of Manhattan’s most dynamic neighborhoods.