Rare mixed use building for sale with a total of 10+ apartments in the Upper East Side. Two commercial spaces that is currently combined into one.
Lot of upsides in the rent-roll as they are all under market value. At market value, the cap will be close to 5%.
One unit will be deliver vacant at closing.
Estimated NOI Over $300,000
A tidbit about Carnegie Hill:
Once considered a more affordable alternative to the more southern part of the Upper East Side, Carnegie Hill has grown increasingly popular in its own right. Development has brought many high-rise apartment buildings to the neighborhood and the area is now one of the most prestigious in Manhattan.
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