Multifamily Resi. Conversion

• 18 Units – Fully Gutted
• $322,222 Price Per Unit
• 6.50% Cap Rate
• Average Rents $2,566
• 100% Free Market

Building Highlights

• Student housing to residential conversion – 2025
• High End Finishes – hardwood floors, modern kitchen & bathrooms
• Washer/dryers on premises
• Elevator building
• Oversized one, two and three-bedrooms
• Central AC & Heating with separate gas/elec. meters
• Tenants pay for heat, hot water cooking gas and electric
• Landlord pays for water/sewer and common area electric
• Prime Location in McGinley Square

Convenient Transportation

• The building is approximately a 1-minute walk to West Side Ave at Glenwood Ave bus stop which provides a 20 minute trip to Manhattan via the PATH Train.