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829 Ninth Ave

18 Unit Block of Flats £7,613,850 (£422,992/Unit) 5.93% Net Initial Yield New York, NY 10019

Executive Summary

• 18 apartments with 2 stores (fully occupied)
• 95% Free Market (17 FM & 1 RS)
• Professionally managed building with complete historical rental records
• 11 units renovated in the last 2 years with value-add in remaining 6 unrenovated units, common space and basement
• Located on a strong retail corridor
• 3 blocks from N, Q, R, W trains (57th Street station) and E, B, D trains (7 Ave)
• 3 to 4 blocks from Columbus Circle/Central Park and the Hudson River Park
• Short walking distance to 6th Avenue and the Midtown Business District

Attachments

Listing setup

Property Facts

Price £7,613,850 Apartment Style Mid Rise
Price Per Unit £422,992 Building Class C
Sale Type Investment Lot Size 0.06 AC
Net Initial Yield 5.93% Building Size 9,915 SF
No. Units 18 Number of Floors 5
Property Type Residential Year Built/Renovated 1901/1986
Property Subtype Apartment
Price £7,613,850
Price Per Unit £422,992
Sale Type Investment
Net Initial Yield 5.93%
No. Units 18
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.06 AC
Building Size 9,915 SF
Number of Floors 5
Year Built/Renovated 1901/1986

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 18 - 642
1 of 1
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 1064-0032 Improvements Assessment £1,154,204
Land Assessment £174,330 Total Assessment £1,328,534

PROPERTY TAXES

Parcel Number
1064-0032
Land Assessment
£174,330
Improvements Assessment
£1,154,204
Total Assessment
£1,328,534

zoning

Zoning Code R8 (R8 w/ C1-5 overlay in the Special Clinton District)
R8 (R8 w/ C1-5 overlay in the Special Clinton District)
(212) 544-9500 x100

  • Listing ID: 31554774

  • Date on Market: 19/04/2024

  • Last Updated:

  • Address: 829 Ninth Ave, New York, NY 10019

The Hell's Kitchen Residential Property at 829 Ninth Ave, New York, NY 10019 is currently available. Contact Ariel Property Advisors for more information.

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829 Ninth Ave
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Christoffer Brodhead

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(212) 544-9500 x100

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