109 MADISON STREET

For Sale - Manhattan - Two Bridges

$9,750,000

Net Operating Income: $421,900

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Key Details

Property Type
Mixed Use
Neighborhood
Two Bridges
Property Dimensions
25.0 x 86.0
Property Area
9,480 sq.ft.
Total Units:
22
Stories:
5
NOI
$421,900
Price
$9,750,000

Listing Description

A turn-key five-story mixed use walk-up apartment building located in the Two Bridges neighborhood, just south of the Lower East Side and Chinatown.
The building is 81% Free Market which includes 22 two-bedroom units and 2 stores. All free-market units have been gut renovated in the past year with new kitchens, floors and bathrooms. In addition, apartments are individually metered for heat. There are also solar panels on the roof resulting in lower electric for the common areas.

Property Details

Block/Lot:
277/18
Lot Dimensions
25.0 x 100.58
Lot Area
2,514 sq.ft
Zoning:
R7-2
FAR as Built:
3.77
Max FAR:
6.5
Shallini MehraMeridian Investment Sales
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