762 9th Avenue

  • $7,950,000
Featured For Sale New
762, 9th Avenue, Manhattan Community Board 4, Manhattan, New York County, New York, 10019, United States
Featured For Sale New
762, 9th Avenue, Manhattan Community Board 4, Manhattan, New York County, New York, 10019, United States
  • $7,950,000
  • Mixed Use
  • Property Type
  • 6,990
  • Gross SF
  • 4
  • Stories
  • 9
  • Residential Units

Description

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.

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Details

  • Price: $7,950,000
  • Gross SF: 6,990
  • Land Area: 25.42’ x 100’
  • Property Type: Mixed Use
  • Property Status: Featured, For Sale
  • Stories: 4
  • Residential Units: 9
  • Retail Units: 2
  • City Manhattan
  • State/County New York
  • Neighborhood/Area Hell's Kitchen

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