commercial property report 548 3rd ave new york, ny … · 2019. 3. 28. · 548 3rd ave new york,...
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548 3RD AVE NEW YORK, NY 10016 COMMERCIAL PROPERTY REPORT
188-02 Northern Blvd, 2nd Fl, Flushing, NY 11358
Young Kim917-886-4005
Yeoun Soo Ryu
PROPERTY DETAILSAddress: 548 Third Ave, New York, NY 10016 (Between 36 St-37St),Block: 892, Lot 42Total Lot Size: 1,840 SF (23x80)Building Size: 5,244 SFBuilding Dimension: 23x80, Built Year: 1910, Year Altered : 1989 Property Tax: $95,530/YrProperty Class: S3 Three Family (3,444 SF) with One Store(1,800 SF),Zoning : C1-9, FAR : 10, Buildable SF: 18,400, FAR Built: 2.85, Unused FAR: 13,156 SFGreat Investment, Triple Net Property, Great Opportunity Investment and Future DevelopmentN.O.I: $377,973.29Asking: 12M
INVESTMENT POTENTIALPromise Realty has arranged for the sale of 548 Third Ave, a 23' wide, 80' long (Total: 1,840 SF) lot and mixed-use building with Air-Right.The buildings offers approximately 5,244 SF and consists of three residential apartments (of size: 3,444 SF) and a retail store space (of size: 1,800 SF).It is important to note here that there is much potential for this property, with an area of over 12,156 SF available to build on for significant revenue possibilities. Current zoning of this lot is C1-9 with a floor Area Ratio of 10 and built 2.85.Located in between 36 Street and 37 Street, Murray Hill neighborhoods.This property is a great opportunity for an investor to benefit from long term upside, triple net property, and a great potential for future development.Currently, the 1st floor tenant has a master lease with an annual net operating Income of $377,973.29 up to the year 2030.
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Zoning Map
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied as to the accuracy thereof and is subject to error, omissions, change of price, rental or other
conditions, prior sale, rental or financing or withdrawal without notice. No warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied. Rendering pictured in offering materials is not specifically approved for referenced development site. Buildable square footage is subject to verification by purchaser’s own architect and/or zoning attorney.
Young Kim917-886-4005
Yeoun Soo Ryu
THANK YOUFOR YOUR CONSIDERATION!
WE HOPE TO DO BUSINESS WITH YOU SOON