3 STORIES COMMERCIAL BUILDING FOR SALE PRIME CHELSEA-MANHATTAN LOCATION/18,750 SQ FT BUILDABLE ZONING C6-3
Pricing
$16,500,000.00
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Price: $16,500,000.00
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Property Location
525 W 29 street
Manhattan, NY 10001
Features
Units: 3
Bedrooms: 2
Bathrooms: 3
Contact Information
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Romero Papp
 7183167199
Papprealty.com
Papprealty.net
Amazing income producer all commercial 3 stories building prime Chelsea/Manhattan building with all separate utilities for all the 3 units, great condition building with rooftop recreation area, all units with amazing loft lay-out.

Great development opportunity to built approx. 19,000 sq ft residential building with commercial overlay.


Building Description
Construction- Brick/Completely attached
Property Dimensions 25 ft x 98.75 ft
Building Dimensions 25 ft x 94 ft
3 Stories
Year built 1930
Zoning R9 / C 6-3


Annual  Gross Income $ 330,000
Property Taxes $ 55,100/year
1st Fl tenant pays 50% of the annual taxes.
All utilities are separate and paid by the tenants.

Expenses:

Property Taxes $ 55,100-Tenant Pays 50 % of taxes $ 27,550
Insurance 6,000/year
PLP 800/Year
Sewer $ 5000/year

Total Expenses $ 39,350/year
Net Operating Income $ 290,650/Year

All information in this site is deemed reliable but is not guaranteed and is subject to change