96 Bowery
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96 Bowery
9,850 SF 100% Leased Office Building New York, NY 10013 £7,928,189 (£805/SF) 4% Net Initial Yield
Investment Highlights
- heavy daytime foot traffic
- key-in elevator building
- lots of natural light
- prime chinatown area
Executive Summary
Located in Prime Chinatown Area
-Between Hester and Grand Street
-Key in elevator building
-5 stories
-Ground floor tenant is currently a restaurant
-Second floor features high ceilings
-Between Hester and Grand Street
-Key in elevator building
-5 stories
-Ground floor tenant is currently a restaurant
-Second floor features high ceilings
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£440,661
|
£44.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£440,661
|
£44.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£123,534
|
£12.54
|
| Net Operating Income |
£317,128
|
£32.20
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £440,661 |
| Annual Per SF | £44.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £440,661 |
| Annual Per SF | £44.74 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £123,534 |
| Annual Per SF | £12.54 |
| Net Operating Income | |
|---|---|
| Annual | £317,128 |
| Annual Per SF | £32.20 |
Property Facts
Sale Type
Investment
Property Type
Building Size
9,850 SF
Building Class
C
Year Built
1910
Price
£7,928,189
Price Per SF
£805
Net Initial Yield
4%
NOI
£317,128
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
1,970 SF
Slab to Slab
10 ft
Building FAR
3.77
Land Acres
0.06 AC
Zoning
C6-1G
Amenities
- Bus Route
- Public Transport
1 of 1
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 0239-0035 | Improvements Assessment | £595,485 |
| Land Assessment | £221,321 | Total Assessment | £816,806 |
PROPERTY TAXES
Parcel Number
0239-0035
Land Assessment
£221,321
Improvements Assessment
£595,485
Total Assessment
£816,806
-
Leon Tsoi -
Kinyu Realty
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96 Bowery
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