BIDDING DEADLINE - FEB 11TH @ 4PM
Prime Corner Location | Package of Four Mixed-Use Buildings
The NYC multifamily market has begun to show positive signs of recovery in Q3 2020. Price discovery has become more solidified as deals continue to close throughout the year. However, ongoing factors such as rising vacancy rates and reduced collections have significantly affected the value of NYC real estate.
7-Story, 31-Unit, Mixed-Use Elevator Building: 149 West 105th Street
Spanning 25,816 square feet, the building consists of 30 residential units and 1 office unit. The residential portion contains 20 one-bedroom and 10 studio apartments.
13 Unit, Walk-up Building with 11 Newly Renovated Free Market Apartments: 2156 Cortelyou Road
The building stands 4 stories tall and encompasses approximately 8,641 gross square feet with 28’ of frontage and 90’ deep on a 100’ lot. Of the 13 units, there are eleven free-market apartments and 2 rent-stabilized apartments.
Value Add Opportunity - Vacant Free Market, Three Family Building: 384 Audubon Avenue
This property is located within an opportunity zone. The building is 2,160 square feet and contains 3 apartment units. The unit mix consists of 2 three-bedroom apartments and 1 two-bedroom apartment.