242 East 40th Street | Murray Hill | $3,500,000

Isang limang-palapag na gusaling may iba’t ibang gamit na itinayo bago ang digmaan (1920), na nasa pagitan ng Second at Third Avenues, at maikling lakad lamang mula sa Grand Central at sa mga tren na 4/5/6/7.

• Sukat (ayon sa PropertyShark): Humigit-kumulang 4,498 SF ang itinayo, sa lupang may sukat na 18' × 53' at may 5 palapag, kabilang ang retail space sa ground floor. Ang lote ay may sukat na 18' × 99'.
• Presyo : $778/SF batay sa 4,498 SF na itinayo, o $264 bawat buildable SF batay sa 13,282 SF, kapwa ayon sa PropertyShark.
• Mga unit : Kabuuang 8 unit. 7 residential unit at isang restaurant sa ground floor, na 100% okupado. Sa bawat palapag 1–3 ay may isang studio at isang one-bedroom, at ang pinakataas na palapag ay may two-bedroom.
• Katayuan ng upa : 5 sa mga residential unit ay nasa malayang pamilihan at 2 ay rent-stabilized. Naupahan ang komersyal na espasyo.
• Kita: Humigit-kumulang $203,000 ang kasalukuyang NOI, o tinatayang 5.8% cap rate batay sa hinihinging presyo. May hiwalay na metro ng kuryente ang mga unit, na binabayaran ng mga nangungupahan, at sinasagot ng restaurant ang bahagi ng buwis sa real estate.
• Zoning : C1-9 / R10.
• Potensyal para sa pagpapaunlad: Pinakamataas na 13,282 SF ang maaaring maitayo, ayon sa PropertyShark. Nag-iiwan ito ng humigit-kumulang 8,784 SF na hindi pa nagagamit na development rights, depende sa kumpirmasyon ng arkitekto.

Matatag ang kita sa kasalukuyan, na may puwang para sa paglago sa hinaharap. Available ang rent roll at operating statement kapag hiniling.

242 East 40th Street | Murray Hill | $3,500,000

A prewar (1920) five-story mixed-use building between Second and Third Avenues, a short walk from Grand Central and the 4/5/6/7 trains.

• Size (per PropertyShark): About 4,498 SF built, on an 18' × 53' footprint across 5 stories, including the ground-floor retail. The lot is 18' × 99'.
• Pricing : $778/SF on 4,498 SF built, or $264 per buildable SF on 13,282 SF, both per PropertyShark.
• Units : 8 Units total. 7 residential units plus a ground-floor restaurant, 100% occupied. Floors 1–3 each have a studio and a one-bedroom, and the top floor is a two-bedroom.
• Rent status : 5 of the residential units are free market and 2 are rent-stabilized. Commercial rented.
• Income: About $203,000 in current NOI, roughly a 5.8% cap rate at asking. Units are separately metered for electric, which tenants pay, and the restaurant covers part of the real estate taxes.
• Zoning : C1-9 / R10.
• Development upside: 13,282 SF maximum buildable, per PropertyShark. That leaves about 8,784 SF of unused development rights, subject to architect confirmation.

Stable income today, with room to grow later. Rent roll and operating statement available on request.