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The Prospect Complex 200 N Prospect St

46 Unit Block of Flats £2,542,963 (£55,282/Unit) Herkimer, NY 13350

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Investment Highlights

Central Location
Value-Add Upside

Great In-Place Debt

Executive Summary

56 Total Units (49 Apartments & 7 Commercial Spaces)
Central Location in Herkimer with some units renovated, but still upside in renovating and releasing the balance of the units.
Great in-place assumable debt.
Over 91% occupancy.
Please reach out to review the Offering Memorandum.

The Prospect - Flyer v2

Property Facts

Price	£2,542,963	Building Class	C
Price Per Unit	£55,282	Lot Size	0.51 AC
Sale Type	Investment	Building Size	57,006 SF
No. Units	46	Number of Floors	4
Property Type	Residential	Year Built	1980
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£2,542,963
Price Per Unit	£55,282
Sale Type	Investment
No. Units	46
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.51 AC
Building Size	57,006 SF
Number of Floors	4
Year Built	1980
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.