Development Site at 85 East 110th Street with 31,000 SF Buildable

FOR SALE

$5,250,000

85 East 110th Street, New York, NY 10029

2.51%

CAP

Property Description

NOI

$132,000

Cap Rate

2.51%

Property Details

Asset Type

Development Site

Zoning

R7

Lot Size

6,000 SF

Neighborhood

East Harlem

Submarket

New York

ZIP

10029

Listing Type

sale

Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Amortization

Loan Term

Gross Income ($)

Vacancy Rate (%)

Mgmt Fee ($)

Insurance ($)

Maintenance ($)

Utilities ($)

Property Taxes ($)

Reserves ($)

Net Operating Income (NOI)

$209,418

Debt Service Coverage Ratio (DSCR)

0.70x

DSCR below 1.0x — deal does not cover debt service

Cap Rate

3.99%

Cash Flow (Annual)

-$89,234

Cash-on-Cash Return

-6.80%

Monthly Debt Service

$24,888

Annual Debt Service

$298,652

View on Map

Address

85 East 110th Street

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New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale

No investors found in this market.

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Josh Goldflam

Principal

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Josh Goldflam

Principal

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