Featured Property

Manhattan • $6,750,000
4 Story Commercial
212 East 52nd Street

The property consists of four commercial units with a partial basement and an elevator. All units are leased with 5+ years left on the lease. Tenants pay all utilities separate. Lot Size: 20x100.42. Building Size: 20x96. Available FAR air rights to build: 1,626 SF. Gross annual income: $519,623. Total annual expenses:$184,468. Tax add back: $56,788. Total net income: $391,943. Cap rate: 5.6%.