See all 8 photos

$4,289,000

Est. payment - /mo

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8 Beds

7 Baths

New

242 East 40 street New York (manhattan), NY 10016

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Christine DeHart

christine@salmonrealestate.com +1(718) 273-1200

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 874436

Bedrooms 8

Full Baths 7

Rental Info No

Year Built 1920

Annual Tax Amount $70,730

Property Sub-Type Duplex

Source onekey2

Property Description

4 Story Mixed Use Commercial and Residential Apartment Building in Murray Hill: Description: - 7 Residential Units - 1 Commercial - Property size 19 x 99 - Building 18×53. 7 Residential and commercial units - Approx. of 4500 ft.² - 3 Studio and 3 one bedrooms and 2 bedrooms apartments 242 East 40th Street wide four-story, mixed-use buildings located on East 40th Street between 2nd and 3rd Avenue. The building has development rights allowing for an additional 2000sf of residential space to be built (Need to be confirmed with your architect and design). The 1st, 2nd and 3rd floor, each floor has a studio and 1 BR residential. units, 4th floor has a 2 BR residential unit. One commercial unit on the half ground floor currently is a restaurant, it will be opened soon. The subject property consists of solid. paying tenants. The tenants all pay their own utilities, and the restaurants tenant pays a portion of the property RE taxes as well. The subject property has plenty of room to increase the rent income, expect CAP Rate could be up to 6.5%. Whether you need to be in the heart of Midtown, north of Manhattan or Long Island, this. incredible location is just steps from Grand Central and its massive transportation. options, select buses heading north, south and west as well as the Midtown Tunnel. Investors and pied-à-terre are welcome.
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Location

State NY

County New York (manhattan)

Rooms

Basement Partial

Interior

Interior Features Eat-in Kitchen

Heating Natural Gas

Cooling Wall/Window Unit(s)

Flooring Hardwood

Fireplace No

Laundry Outside

Exterior

Utilities Available Electricity Connected

Garage false

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Senior Community No

Special Listing Condition None

Listed by Oxford Property Group USA

Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.

Our invaluable experience and resources means your needs are our priority. Salmon’s hands-on, team approach means we treat your real estate transaction as if it were our own: personally, professionally, and with over a half-century of know-how.

If you're interested in this listing and would like to learn more, just drop us your name info here and we'll get straight back with you to discuss it. We look forward to speaking with you.

+1(718) 273-1200

christine@salmonrealestate.com

1855 Victory Blvd, Island, NY, 10314, United States