|Type:||Multi family townhouse|
Multi-Family Investment Property with 3.46% – 4.77% cap rate25′ Townhouse off Park Avenue South5 Free Market UnitsCan be Delivered Vacant (final lease expires 6/2023)Built in the early 20th century, this wonderful multi-residential townhouse is superbly positioned in the heart of the city. The impressive scale of the house is showcased by its 25-foot width, five stories + cellar, approximately 6,730 square feet, multiple outdoor spaces, and fabulous natural light that the oversized windows draw in throughout. The building is currently divided into 5 incredibly well-maintained income generating apartments: four, one-and two-bedroom apartments and a parlor garden duplex; each offering unique details such as wood-burning fireplaces, exposed brick, oversized windows, outdoor space and exceptionally high ceilings. The parlor floor duplex is currently serving as an owner’s duplex and the other units are fully rented with free market leases and excellent tenants. With a strong rent roll, low vacancy rate, very reasonable expenses, this house is a turn-key investment property with a very strong return. Alternatively, it can be reconfigured as a single-family home or live/work or a large owner’s home with income-producing units. With a great location, a fantastic history with old-world detail, well-proportioned and lovely, desirable apartments and a very attractive financial profile, this is an incredible opportunity! The house can be delivered fully vacant if desired. (final lease expires 6/2023). Will provide full rent roll upon request.Superbly positioned, 136 East 30th Street is surrounded by the best the city has to offer including a bounty of conveniences. Located on a pretty tree-lined block along with other extra-wide townhouses and apartment houses on the crossroads of NoMad and Kip’s Bay. Only one block from Park Avenue South, the building is easily accessible to the Gramercy, Murray Hill, Flatiron, Union Square and Chelsea neighborhoods of Manhattan. The historic home is within a top dining area in the city with unlimited choices and numerous transportation options.Apartments:Parlor Garden Duplex: Grand scale 3 bedroom/ four bath duplex with nearly 11′ ceilings renovated kitchens and baths, two wood-burning fireplaces, a double height atrium / greenhouse, central A/C and a huge private garden. Different options are available: Owner’s duplex, income generating duplex rental or two separate apartment rentals each with own kitchen and private entry.Apt 2F: Two bedroom/ one bath apartment with wood-burning fireplace.Apt 2R: One bedroom/ one bath apartmentApt 3R: Two bedroom/ two bath duplex with private terrace.Apt 3F: Two bedroom/ two bath duplex with wood-burning fireplace and private terrace.
- Central laundry room
- Central laundry room