For Sale $6,000,000.00 - Multi-Family for Sale
Completed Renovated Apt Building Lower Westchester
Address: 2 Amsterdam Place Block 4039, Lot 17 Mount Vernon, NY
Location: Located at the Southwest corner of South Fulton Ave and Amsterdam Place, across the street from the Western Beef Grocery, just south of East 3rd St. The property is within walking distance to the Metro-North station (Mt. Vernon East). There are Bus stops on S Fulton Ave & East 3rd St.
Size: Lot: 5,074 sf Building: 18,000 sf
Description: A 5-story brick Tudor-style walk-up apartment building built in 1930 & gut-renovated in 2017/18 containing 28 apartments.
Layout: One studio (1.5), 13/1-bdms (3’s) and 14/2-bdm units (4’s) Total: 28 apts, 96.5 rooms
Annual Income: Gross Rents (see RR attached) $427,560
Annual Expenses: Real Estate Taxes $49,223 Water/Sewer 13,000 Fuel (hot water only) 16,000 Electric Heat in all apts -0- separately metered Janitorial 3,600 Insurance 8,400 Common Area Electric 3,600 Repairs & Maintenance 14,000 $107,823 Net Profit: $319,737
Features: New Roof, New windows and Lintels, New Parapet Walls, Pointing throughout, 20 of 28 apartments have been gut renovated with updated kitchens, baths circuit breakers & baseboard electric – ongoing renovations for remaining 8 apts, 2 new 100-gallon water tanks for domestic hot water, new intercom system
Contact: Jeremiah Houlihan 914-641-4317