248 E 32nd St Immeuble residentiel 7 lots 4 618 711 € (659 816 €/Lot) Taux de capitalisation 4,80 % New York, NY 10016

The subject property is a 25-foot-wide multifamily property located in the booming Murray Hill neighborhood. Located on one of the finest townhouse blocks, the property consists of 7 free market residential units. Of the 7 units, 6 are large beautifully renovated 1-bedroom apartments. The remaining unit is an enormous 2,400 square foot 3-bedroom, 3-bathroom triplex. The triplex features 3 south facing windows, a fireplace, and an approximate 1,200 square foot private garden.
The asset can be viewed as both a cash flowing asset and live-plus income opportunity. From an investment perspective and owner will have the luxury of having a completely deregulated building, which will allow for the investor to enjoy the rapid rental growth in the neighborhood and also provide a tremendous hedge against inflation. The property is in the very attractive tax class 2B, making it ideal for a long-term cash flow investor.
The properties desirable triplex with a 1,200 square foot private garden also makes the building ideal for a live-plus income investor. A new owner could live in the triplex unit while enjoy the cash flow from renting out the 6 apartments above. Located conveniently, the property is a few blocks from the 6 train and directly across from Fairway Market and Trader Joes.