PHENOMENAL MIXED USE BUILDING IN CHELSEA

Description:

Located on the iconic heavily traffic 14th St NYC.

This amazing building is located on the iconic and heavily traffic 14th St NYC.

131 West 14th Street is a prme mixed-use opportunity in the bustling Chelsea neighborhood of New York City. The property comes equipped with first floor retail and 4 floors of floor-through apartments stacked above. The 2500 sq. ft. street level retail space with a bonus 900 sq. ft. basement is delivered in a shell condition allowing the new owner to build out to specifications. The 2500 sq ft apartments feature spacious living areas, modern amenities, and all the necessary utilities to help tenants feel right at home.

Highly accessible with the 1,2,3, F, M, L, N, Q, R, and W subway trains all within a quick walk.

FINANCIALS

TENANT Monthly Rent Annual Rent - Projected Annual Rent

Ground. - Retail $20,000 - $240,000

2nd Floor - 5 Bedroom. $10,000 $120,000 - $120,000

3rd Floor - 5 Bedroom. $10,500 $126,000. - $126,000

4th Floor - 5 Bedroom $12,000 $144,000 - $144,000

5th Floor - 5 Bedroom $2,299.37 $27,592.44. - $27,592.44

TOTALS $34,799.37 $417,592.44 $657,592.56

                                                                                                       PROJECTED NOI       $492,832.44

EXPENSES

Real Estate Taxes $142,677.00

Water & Sewer $3,600.00

Insurance $10,662.12

Utilities $1,800.00

Payroll (Super) $4,200.00

Elevator Maintenance $5,940.00

Repairs $ Maintenance $1,750.00

TOTAL EXPENSES $162,960.12

ACTUALl NOI $246,973.00