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.
Newly Renovated Vacant Mixed-Use Building: 343A Tompkins Avenue
The subject property is a 3,000 square foot, 3 story walk-up which features one store and two apartments above. The building measures 20’ x 50’ and it is situated on a 20’ x 80’ lot. The block is active and has a high volume of foot traffic which can benefit the retail.
8-Unit, Mixed-Use Walk-Up Building, Prime Little Italy Location Just Steps From Fordham University: 657 East 187th Street
Spanning approximately 7,936 square feet, the property’s unit mix consists of six, three-bedroom residential apartments and two commercial units. Currently, operating rents are well below market and only two of the residential units are occupied, presenting an immediate value-add/conversion opportunity.
Prime Corner Location | Mixed-Use Elevator Building: 3621-3629 Broadway
3621-3629 Broadway is a prime corner 6-story elevator building located on the northwest corner of 149th Street and Broadway. The building contains 46 residential units: 7 two bedrooms, 26 three bedrooms, 11 four bedrooms and 2 five bedroooms. Additionally, the property contains 8 commercial units and 1 storage unit with a combined 100’ of frontage.