95% Free Market - 20 Unit Mixed Use Building - Mostly Renovated
$9,200,000
829 9th Avenue, New York, NY
For Sale
Mixed Use
Active
Last Updated: 04/11/2025
6.45
Cap Rate
593,601
NOI
Details:
Cap Rate: 6.45%
NOI: $593,601
: 10,100 sqft
Lot Area: 2,410 sqft
Units: 20
Price Per Sqft: $911
Zoning: R8 / C1-5 / CL
: 5
Description:
Investment Highlights
• 18 apartments with 2 stores (fully occupied)
• 95% Free Market (17 FM & 1 RS)
• Professionally managed building with complete historical rental records
• 11 units renovated in the last 2 years with value-add in remaining 6 unrenovated units, common space and basement
• Located on a strong retail corridor
• 3 blocks from N, Q, R, W trains (57th Street station) and E, B, D trains (7 Ave)
• 3 to 4 blocks from Columbus Circle/Central Park and the Hudson River Park
• Short walking distance to 6th Avenue and the Midtown Business District
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Location
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