About 717 E 5th Street
Calling All Investors, Developers, & End-Users!!! 5.8 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27.
Apt. BC: $27,300 Ann.; Lease Exp.: 7/31/27.
Apt. 1A: $26,616.12 Ann.; Lease Exp.: 8/31/27.
Apt. 1B: $33,300 Ann.; Lease Exp.: 8/31/28.
Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27.
Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26.
Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26.
Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27.
Apt. 2C: $17,484.96 Ann.; Lease Exp.: 6/30/27.
Apt. 2D: $26,685.60Ann.; Lease Exp.: 7/31/27.
Apt. 3A: $33,600 Ann.: Lease Exp.: 8/31/28.
Apt. 3B: $30,600 Ann.; Lease Exp.: 5/31/28.
Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27.
Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28.
Apt. 4A: $30,086.04 Ann.; Lease Exp.: 8/31/27.
Apt. 4B: $28,102.56 Ann.; Lease Exp.: 5/31/27.
Apt. 4C: $25,151.76 Ann.; Lease Exp.: 7/31/28.
Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27.
Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27.
Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28.
Apt. 5C: $21,000 Ann.; Lease Exp.: 8/31/28.
Apt. 5D: $26,735.28 Ann.; Lease Exp.: 5/31/27.
Gross Income: $606,421.08 Ann.
Expenses:
Fuel: $8,106.39 Ann.
Electric: $1,432.96 Ann.
Water & Sewer: $8,525.84 Ann.
Insurance: $11,463.61 Ann.
Maintenance & Repairs: $13,182.29 Ann.
Taxes: $128,695.85 Ann.
Total Expense: $171,406.94 Ann.
Net Operating Income (NOI): $435,014.14 Ann. (5.8% Cap!!!)
