Olshan Realty Inc. Listings

Townhouse Report Created: Saturday, September 22, 2018 - Listings Shown: 2

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54 East 80th Street (Click address for more details)		Listing #: 184485
Price: $9,995,000 Floors: 5 Approx Sq Ft: 5,913	Sect: Upper East Side

Situated on one of the most coveted blocks between Madison and Park Avenue, 54 East 80th Street is an 18'-wide, 5-story 3 unit brownstone spanning approximately 6,000 sqft. This pristine house has grand proportions with high ceilings, south-facing garden, bright rooms with large windows, and surrounded by some of the most beautiful townhouses in New York. Built in 1899, the building has been immaculately maintained and offers buyers the opportunity to purchase an income producing property or the opportunity to create an exquisite single-family home. The current configuration of the building is a one-bedroom garden level residence, a three-bedroom duplex residence occupying the parlor level and third floor, and lastly, a three-bedroom owner's duplex occupying the fourth and fifth floors. The house is approximately 5,000 sqft above ground with roughly a 1,000-sqft cellar that can be used for storage or recreational use. Located in a 4 FAR zone, this townhouse can be built to approx. 7,344 sqft. The building is located less than two blocks from Central Park and surrounded by some of the best shops and restaurants in New York City. Will be delivered vacant.

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138 -140 E 30th St (Click address for more details)		Listing #: 554987
Price: $6,750,000 Floors: 4 Approx Sq Ft: 6,517	Sect: Middle East Side

The Beyond Capital Team is pleased to offer the combined sale of 138-140 E 30th Street, located between 3rd Avenue and Lexington Avenue in the Kips Bay section of Manhattan, New York. 138 & 140 East 30th Street, are two contiguous beautifully pointed brick facade apartment buildings with arched front windows and adorned with original wrought iron balconies and front fencing. Located on a quiet tree-lined street in Kip?s Bay steps away from the bustling and vibrant neighborhoods of Murray Hill, Madison Square Park, and Gramercy Park. Kip?s Bay is an extremely vibrant neighborhood consisting of high end residential, commercial, hospitals, schools, and an array of retail destinations culminating into a very desirable neighborhood to live in. The subject properties offer a multitude of uses potentially fitting the needs for many types of investor or users. 138-140 E 30th have the ability to be delivered with a existing rent roll in place with the upside to increase the CAP Rate. Additional buyers will be provided with suggested plans to convert the triplex 5 bedroom into 6 studios to increase the rent roll. The additional 3,359 SQ FT of air rights can be used for an extension of the existing structures. Upon request, we can provide you with current rent rolls along with the short term leases we have in place, proposal from the architect to convert the 5 bedroom triplex into 6 studios and the option to add on to the current building.Current GROSS RENT ROLL: 425,346.00Current Net Operating Income: 286,462.08Current CAP RATE: 4.24%Proposed GROSS RENT ROLL: 463,200.00Proposed Net Operating Income: 323,559.00Proposed CAP RATE: 4.79%For Viewings, Please Contact Mirza Avdovic of COMPASS.

All information regarding a property for sale, rental or financing is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer.