JAYEM MANAGEMENT LLC
Investment-Management-Brokerage
LATEST PROPERTIES FOR SALE
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SOLD
458 WEST 51st STREET - 460 WEST 51st STREET
$7,395,000. $7,295,000.
Townhouse
These five story, five apartments townhouses are in the middle of Hell's Kitchen. Can be purchased together or separate with attached townhouses at 458 & 460 West 51st. As there are seperate electric heating systems installed, owner will enjoy lower expenses as tenants pay their own heat as well.
Location:
South side of 51st Street beteween 9th and 10th Avenues
458 West 51st Street 460 West 51st Street
Block: 1060 1060
Lot: 158 59
Lot Size: 20.83ft x 100.42ft 20.83ft x 100.42ft
Building Size:
First Fl: 20.83ft x 50ft =1041 SF 20.83ft x 59ft = 1,229SF
Second Fl: 20.83ft x 50ft =1041 SF 20.83ft x 59ft = 1,229SF
Third Fl: 20.83ft x 50ft =1041 SF 20.83ft x 59ft = 1,229SF
Fourth Fl: 20.83ft x 50ft =1041SF 20.83ft x 50ft = 1,021SF
Fifth Fl: 20.83ft x 50ft =1041 SF 20.83ft x 50ft = 1,021SF
Gross SF: 5,208 5,770
Zoning: R8 R8
FAR: 4.20 4.20
Lot Area: 2,092 2,092
Buildable SF: 8,785 8,785
Existing SF: 5,208 5,770
Air Rights: 3,577 3,015
458 West 51 460 West 51
Income: $290,400 $325,200
Expenses:
Real Estate Taxes: $ 25,495 $ 27,283
Water & Sewer Charges: $ 3,982 $ 3,078
Insurance: $ 6,776 $ 5,235
Heat: (Tenants Pay)
Electricity: $ 4,429 $ 4,429
Super: ($250/mth) $ 3,000 $ 3,000
Repairs: $ 2,000 $ 2,000
Total Expenses: $ 45,682 $45,025
NOI: $244,718 $280,175
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Unit: Lease Expirations: Monthly Rent: Annual Rent:
458 West 51st
First Fl: 5/31/17 $4,400 $52,800
Second Fl: 6/30/17 $4,250 $51,000
Third Fl: 5/31/17 $5,250 $63,000
Fourth Fl: 5/31/17 $5,200 $62,400
Fifth Fl: 5/31/17 $5,100 $61,200
Totals: $24,200 $290,400
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460 West 51st
First Fl: 2/28/17 $4,750 $57,000
Second Fl: 12/31/16 $5,000 $60,000
Third Fl: 4/30/17 $5,650 $67,800
Fourth Fl: 4/30/17 $5,700 $68,400
Fifth Fl: 11/30/16 $6,000 $72,000
Totals: $27,100 $325,200