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Investment Property for Sale on 2nd Avenue

320 2nd Avenue, New York, NY, United States, ,
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This 5-story, 6-unit building has tremendous opportunity. The property currently sits on an approx. 21.67’ X 100’ lot with a maximum FAR of 7.52, current FAR of 3.24, with a total buildable of approx. 13,652 Square Feet. Situated R9A Zoning.

Encompassing all 5 floors, the total monthly rent is currently $11,250. The approx. current potential monthly rent can be as high as $27,750, and the approx. current potential yearly rent can be as high as $333,000.* Total current expenses (taxes, plumbing, electric, etc.): $65,117. The building’s plumbing, electrical, and units have been updated. The building will be delivered vacant.

Gramercy Park remains one of the most affluent neighborhoods in New York City, as it is still a top destination for residents and businesses. 320 2nd Avenue presents the rare and unique opportunity for investors or interested parties to make their mark on the iconic city

Address: 320 2nd Avenue, New York, NY, United States
Zip: 10003
Country: United States
Property Id : 20036
Property Size: 767 m2
Site Size In: 201 m2
Rooms: 25
Bedrooms: 11
Bathrooms: 6.5
Year Built: 1920
Garages: No
Type Of Sale: Private Listing
central heating
part furnished
fully furnished
washing machine
roof terrace
private garden

The base currency of this website is currently GBP and depending on the currency you have chosen to view in and interest rate fluctuation, the price may change slightly. Please contact the advertiser to confirm the asking price in the local currency.

Wilson Hooi

1(516) 303-3120

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