Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 762 Ninth Avenue, New York, NY 10019 (the “Property”) located in the Clinton-Hell’s Kitchen neighborhood of New York City.
The Property is situated on a 25.42’ x 100’ lot and is comprised of a 4-story, walkup, Class C7 (Over Six Families with Stores) building containing 6,990± SF. The building has 9 residential units and 2 stores and is located on northeast corner of Ninth Avenue and West 51st Street. Within two blocks is the 50th Street [A,C,E,1,2] subway stations. The property generates approximately $763,000 of annual gross income.
Various capital improvements have recently been made to the property, which is in excellent condition (i.e., new roof, exterior/façade work, lobby/hallways, flue, video intercom). Arriba Arriba has been a tenant for decades and is a neighborhood institution. Both retail tenants pay a tax reimbursement, contributing to a strong bottom line. There are 8,132± SF of unused air rights which offer additional development potential in the future.View Offering