170 31st Street se yon bilding melanj kat etaj an brik, ki chita nan kwen 4th Avenue ak 31st Street. Li gen 18,000 pye kare, 19 apatman ak kat lokal komèsyal nan nivo lari, epi yo mete l pou vann pou premye fwa depi plizyè ane.

Kote bilding lan nan kwen an ba li fasad sou de ri. Kat lokal komèsyal yo bay sou 4th Avenue, yon avni ki gen anpil sikilasyon, epi yo rapòte $15,300 pa mwa, apeprè yon tyè revni brit la. Kontra lwaye lokal komèsyal yo ekspire nan dat diferan ant 2027 ak 2035, epi youn ladan yo gen ogmantasyon anyèl ki deja prevwa.

Nan etaj ki anlè yo, 19 apatman ki gen lwaye reglemante bay yon revni estab ak fyab, epi lwaye yo ka ogmante nan limit lalwa pèmèt lè kontra yo renouvle. Yo mezire konsomasyon gaz chak apatman apa, epi elektrisite a gen kontè apa tou. Bilding lan gen dekorasyon orijinal li an brik, epi tren R la toupre, nan 25th Street ak 36th Street.

Revni brit la se $546,322 pa ane. Yo ofri bilding lan ak yon to kapitalizasyon 6.32% (sou baz estabilize) ak yon miltiplikatè lwaye brit 8.79×, sa ki bay $267 pa pye kare ak apeprè $209,000 pa inite.

Se yon byen ki nan men menm pwopriyetè a depi lontan, ki byen plase, epi ki jwenn revni nan men lokatè komèsyal ak rezidansyèl.

Pou jwenn tout memorandòm òf la, ki gen ladan lis lwaye yo, kondisyon kontra lwaye yo ak enfòmasyon finansye yo, kontakte ekip lavant lan.

170 31st Street is a four-story brick mixed-use building on the corner of 4th Avenue and 31st Street. It has 18,000 square feet, 19 apartments and four ground-floor storefronts, and it’s being offered for the first time in many years.

The corner location gives the building frontage on two streets. The four storefronts face busy 4th Avenue and bring in $15,300 a month, about a third of gross income. The retail leases expire at staggered dates from 2027 through 2035, and one has built-in annual increases.

Upstairs, 19 rent-stabilized apartments provide steady, dependable income, and rents can rise within legal limits as leases renew. Gas is individually metered and the electric is separately metered. The building also has its original decorative brickwork, and the R train is a few blocks away at both 25th Street and 36th Street.

Gross income is $546,322 a year. The building is offered at a 6.32% cap rate (stabilized) and a 8.79× gross rent multiple, which works out to $267 per square foot and about $209,000 per unit.

It’s a long-held, well-located asset with income from both retail and residential tenants.

For the full offering memorandum, including the rent roll, lease terms and financials, contact the sales team.