ОФИСНЫЕ ПОМЕЩЕНИЯ ДЛЯ СДАЧИ В АРЕНДУ на продажу

ОФИСНЫЕ ПОМЕЩЕНИЯ ДЛЯ СДАЧИ В АРЕНДУ на продажу

Cap Rate: 5.28%
Land Area: 0.04 AC
% Leased: 100.0%

Investment Notes:
A 6 story, 20' wide, 5 unit (restaurant, 3 commercial floors and a residential duplex), walk-up
mixed-use building, located in the Chelsea Neighborhood. Erected in 2000, the subject property is
located on the north side of West 17th Street between Avenue of the America's and Seventh Avenue,
and contains a total above grade square footage of approximately 9,320. The building consists of a
turn-key restaurant on the ground floor and basement with a lease until January 2016 and its current
rent is $108,000 per annum with 3% annual increases, loft-type commercial floor-through units on the
2nd, 3rd and 4th floors, and a residential duplex with a 20' deck off the 5th floor rear and access to a
wooden rooftop area. The 3rd floor commercial tenant has a lease until 12/07 and its current rent is
$60,000 per annum. The building is zoned C6-2A which is an R8A equivalent with an FAR of 6.02,
allowing approximately 1,757' square feet of available air rights. All units have great light and 10'
ceilings, with the exception of the 2nd floor which has 12' ceilings. Actual/Projected Revenue:
$372,400 (Appx.), Projected Expenses: $78,045 (Appx.) and Projected Net Operating Income:
$294,355 (Appx.). Given that 2 floors can be delivered vacant.