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………….Ready to Sell…………..
– Prestigious Harlem Astor Row Neighborhood –
5-6 Family(Dept of Finance)Brownstone Sold As Is
Rent Stabilized 4 Story (5 Floors) 15 Unit SRO property
Sold “AS IS” Condition. Building requires complete renovation. Bring your contractor/architect.
Price – $1,450,00 All Cash Plus $400,000 Tenant Buyouts = $1,800,000. Bank appraisal July 2019 valued at $2,200,000.
Seller will be responsible for paying outstanding violations at closing and the Buyer must provide a renovation plan with proof of funds to cure all HPD violations.
$400,000 buy outs for relocation of remaining 4 tenants will be deducted from the $1,800,000 sales price.
Tenants have legal representation. Attorney will issue signed surrender/No Harassment agreements.
Buyer shall obtain Certificate of No Harassment. Seller will pay water/sewer, electric, and gas balances at closing.
Additional 1700 SQFT air rights.
Features: Sky lights, some original detail, 14ft ceilings, backyard. Single water, gas, and electric meters.
New water heater and boiler (Under 3 years).
Schedule an appointment today.
Building Specs:
4 Tenants
9 Vacancies
Building Specifications:
Building class: Five to Six Families (C2)
Building sqft: 4,800
Building dimensions: 20 ft x 48 ft
Roof height: 56 ft
Ground elevation: 24 ft
Year built: 1910
Lot sqft: 1,998
Lot dimensions: 20 ft x 99.92 ft
Residential FAR 3.44
Facility FAR 6.5
FAR as built: 2.04
Allowed usable floor area 6,873
Usable floor area as built 4,876
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