Development Site at 85 East 110th Street Priced to Sell

FOR SALE

$5,250,000

85 East 110th Street, New York, NY 10029

2.57%

CAP

Property Description

NOI

$135,000

Cap Rate

2.57%

currently 3 short term retail stores netting over $132k annually, 2nd floor is completely vacant.

Property Details

Asset Type

Development Site

Zoning

R7A

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)

$214,178

Debt Service Coverage Ratio (DSCR)

0.72x

DSCR below 1.0x — deal does not cover debt service

Cap Rate

4.08%

Cash Flow (Annual)

-$84,475

Cash-on-Cash Return

-6.44%

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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