ID #2783 SIX STORY RENOVATED MIXED USE BUILDING FOR SALE EXCELLENT INVESTMENT OPPORTUNITY OPPORTUNITY ZONE PITT STREET NEW YORK, NEW YORK Lot Size: 50’ x 60’ Building Size: Basement: 50’ x 47’irr = 2,000 sq. ft. Store: 50’ x 47’irr = 2,000 sq. ft. 2nd Floor: 50’ x 47’irr = 2,000 sq. ft. 3rd Floor: 50’ x 47’irr = 2,000 sq. ft. 4th Floor: 5th Floor: 6th Floor: 50’ x 47’irr = 2,000 sq. ft. 50’ x 47’irr = 2,000 sq. ft. 50’ x 47’irr = 2,000 sq. ft Stories: Six (6) Plus Full Basement Gross Square Feet: 12,000 (Approximately) Zoning: (FAR) R7A (4.0) Assessment: Real Estate Taxes: $1,566,450 (23/24) $195,837.60 Description: A 50’ wide 21 unit six (6) story renovated mixed- use building. The building has two stores on the ground floor and twenty-one apartments above. Each floor has four apartments they are a mixture of one and two bedroom units. Each unit is individually metered, the tenants pay there own electric and gas for cooking. New Laundry room, intercom system, new gas boiler, new courtyard and common areas. The property is also in a opportunity zone which has big capital gains benefits. This is a prime investment opportunity because the units are free market with short term leases. Since the building is renovated an investor will save on capital improvements. The building is close to Delancey Street which has all the fine retail stores. Revenue: Unit Description Unit Type Revenue LXP Ground Floor: Store 1 Commercial $3,193.00 2/28/33 Store 2 Apt 1 Grocery Store 2 Bedroom with yard Commercial Rent Stabilized $6,200.00 $935.24 3/31/29 8/31/24 Second Floor: Apt 2 One Bedroom Rent Stabilized $906.83 10/31/25 Apt 3 Apt 4 Apt 5 One Bedroom Two Bedroom Two Bedroom Free Market Free Market Free Market $3,250 $3,850 $3,600 4/30/25 6/30/25 3/31/25 Third Floor: Apt 6 One Bedroom Free Market $2,900 10/31/25 Apt 7 Apt 8 Apt 9 One Bedroom Two Bedroom One Bedroom Free Market Free Market Free Market $3,200 $3,500 $3,700 5/31/25 10/31/25 7/31/25 Fourth Floor: Apt 10 Two Bedroom Free Market $2,950 3/31/25 Fifth Floor: Sixth Floor: Apt 11 Apt 12 Apt 13 Apt 14 Apt 15 Apt 16 Apt 17 Apt 18 Apt 19 Apt 20 Apt 21 One Bedroom Two Bedroom Two Bedroom One Bedroom One Bedroom Two Bedroom Two Bedroom One Bedroom One Bedroom Two Bedroom Two Bedroom Free Market Free Market Free Market Free Market Free Market Free Market Free Market Free Market Rent Stabilized Free Market Free Market $3,600 $4,300 $3,500 $2,850 $3,300 $3,750 $3,300 $2,500 $1,003.05 $3,850 $4,200 8/31/25 7/31/25 7/31/25 4/30/25 6/30/25 4/30/25 4/30/25 8/14/25 1/31/25 6/30/25 5/31/25 Cell Tower $1,123.90 Total Monthly Income: $75,462.02 Annual Water Reimbursement: $3,856.00 Total Annual Income: $909,400.24 Note: Cell tower lease expires in 3/31/29 Expenses: Real Estate Taxes: $195,837.60 Water & Sewer: $23,000 Insurance: $8,000 Fuel gas: $12,000 Electric: (common areas) $3,000 Repairs & Maintenance: Super: Management 2%: Total Annual Expenses: $5,000 $2,300 $18,188 $267,325.6 Net Operating Income: $642,074.64 ASKING PRICE: $12,950,000 CAP RATE: 5.0% reduced 10,900,000 5.8% cap rate contact if interested refer to ID # 2783 usapropertysale@gmail.com