Mixed-Use Building Investment Opportunity at 1226 2nd Avenue
$9,000,000
1226 2nd Avenue, New York, NY 10065
6.02%
CAP
Property Description
NOI
$542,000
Cap Rate
6.02%
This offering is for a 4-story, mixed-use, walk-up building located in Lenox Hill, on 2nd Avenue between 64th and 65th Street. The zoning is C2-8 and the building size is 25ft x 87ft on a 25ft x 100ft lot.
This building has six one-bedroom apartments, five of which are free-market, one rent-stabilized, and one long-term commercial tenant with an excellent payment history (over three decades).
The Gross income is well above 750k, with an NOI of above 525k. This building has great cash flow and is an amazing investment opportunity!
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Property Details
Asset Type
Mixed-use
Neighborhood
Lenox Hill
Submarket
New York
ZIP
10065
Renovated
2024
Listing Type
sale
Net Operating Income (NOI)
$859,883
Debt Service Coverage Ratio (DSCR)
1.68x
Cap Rate
9.55%
Cash Flow (Annual)
$347,908
Cash-on-Cash Return
15.46%
Monthly Debt Service
$42,665
Annual Debt Service
$511,975
View on Map
Address
1226 2nd Avenue
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New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
