717 E 5th Street,New York (Manhattan), NY 10009
New York (Manhattan), NY 10009
Description
Calling All Investors, Developers, & End-Users!!! 5.61 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9' Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin', Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27. Apt. BC: $27,300 Ann.; Lease Exp.: 7/31/27. Apt. 1A: $26,616.12 Ann.; Lease Exp.: 8/31/27. Apt. 1B: $33,300 Ann.; Lease Exp.: 8/31/28. Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27. Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26. Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26. Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27. Apt. 2C: $17,484.96 Ann.; Lease Exp.: 6/30/27. Apt. 2D: $26,685.60Ann.; Lease Exp.: 7/31/27. Apt. 3A: $33,600 Ann.: Lease Exp.: 8/31/28. Apt. 3B: $30,600 Ann.; Lease Exp.: 5/31/28. Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27. Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28. Apt. 4A: $30,086.04 Ann.; Lease Exp.: 8/31/27. Apt. 4B: $28,102.56 Ann.; Lease Exp.: 5/31/27. Apt. 4C: $25,151.76 Ann.; Lease Exp.: 7/31/28. Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27. Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27. Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28. Apt. 5C: $21,000 Ann.; Lease Exp.: 8/31/28. Apt. 5D: $26,735.28 Ann.; Lease Exp.: 5/31/27. Gross Income: $606,421.08 Ann. Expenses: Fuel: $8,106.39 Ann. Electric: $1,432.96 Ann. Water & Sewer: $8,525.84 Ann. Insurance: $11,463.61 Ann. Maintenance & Repairs: $13,182.29 Ann. Taxes: $128,695.85 Ann. Total Expense: $171,406.94 Ann. Net Operating Income (NOI): $435,014.14 Ann. (5.61% Cap!!!) Reply, Reply All or Forward
Details
| MLS # | 1024507 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 64 |
| Listing Provided By | All Island Estates Realty Corp | Richard Matt Shane |
Features
| SQ Feet | 9,345 |
|---|---|
| Units | 22 |
| Zoning | R8B |
| Acreage | 0.06 |
Interior
| Cooling | None |
|---|---|
| Heating | Hot Water, Oil |
Exterior
| Construction Materials | Brick, Frame |
|---|
Parking
| Parking Features | On Street |
|---|
Utilities
| Utilities | Electricity Connected, See Remarks |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 1114650 |
| Tax Annual Amount | 125557.52 |
| Tax Lot | 0061 |
Area Information
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10009 |
| Listing VS Median (in 10009) | |
Price: $7,750,000 low | high Med: $1,850,000 sqft: 9,345 low | high Med: 1,238 $ / sqft: $829 low | high Med: $1,494 On site: 64 low | high Med: 293 | |
Market Activity 10009
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Learn More About This Property
| State | NY |
|---|---|
| County | New York (Manhattan) |
| City | New York (Manhattan) |
| Zip Code | 10009 |
| Listing VS Median (in 10009) | |
Price: $7,750,000 low | high Med: $1,850,000 sqft: 9,345 low | high Med: 1,238 $ / sqft: $829 low | high Med: $1,494 On site: 64 low | high Med: 293 | |
