ДОХОДНЫЙ ДОМ для арендного бизнеса

Sale Price: $12,225,000
Price/Unit: $305,625.00
Cap Rate: 5.00%
Building Size: 25,200 SF
Avg Unit Size: 531 SF
Land Area:0.11 AC
Unit Mix: 16 0 bed/1 bath units, 4 1 bed/1 bath units, 9 2 bed/1 bath units, 9 3 bed/1
bath units, 2 3 bed/2 bath units

Investment Notes:
Massey Knakal Realty Services has been retained to sell 619 East 5th Street, also known as “The
Mildred.” The property is a 40 unit, 6-story walk-up apartment building located on the north side of the
East 5th Street cul-de-sac between Avenue B and Avenue C. The freestanding building consists of
+/- 25,200 gross square feet and is fully occupied. Apartment layouts consist of 16 studio/one
bedroom units, 4 one bedroom units, 9 two bedroom units, 9 three bedroom units, and 2 three
bedroom duplex units. The 2 duplex units are located on the ground floor and go down to the lower
level of the building with separate entrance/exit ways on the east side of the building. Of the 40
residential units, 27 units are Free Market and 13 units are Rent Stabilized. On the lower level of the
building, there are 3 washing machines and 4 dryers. The building is sub-metered for gas and
electricity. Residential rents currently average approximately $1,880 per month, which translates to
approximately $42 per net rentable square foot. The current monthly rent roll is $75,217 which
equates to $902,609 annually. The expenses are estimated to be $264,543 per year, yielding a Net
Operating Income of $610,988 with a 3% vacancy/credit loss.