Properties in Midtown West

528 & 530 9th Avenue
between 39th and 40th Streets

Size:
528 - 18' x 60' 1st floor built full
530 - 18' x 60' Built 46'

Layout:
#528 - 6 1 bedroom apts. & 1 store
#530 - 4 1 bedroom apts., 1 vacant store and 2nd floor commercial loft

Description:
2/4 story walkup buildings

Est. Income:
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Includes vacant store: $172,072.08

Est Expenses:
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Real Estate Tax: $21,952.42
Water & Sewer: $8,388.52
Insurance: $3,146.93
Oil #2: $8,149.52
Payroll: $2,612.47
Electric & gas: $1,930.94
Repairs: $10,000.00
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Total Est Expenses: $56,180.80
Estimated Net Income: $115,891.28

Notes:
- Store in 530 (former restaurant) delivered vacant.
- 2nd floor commercial space pays $500 per month with no lease.
- Apts. in 530 9th Avenue decontrolled (4 units). Much upside.