4 Beds 4.5 Baths 6,750 Sq.Ft.
Located on a charming tree-lined townhouse block off Park Avenue, this magnificent 20'-wide renovated 5-story house has 6,200 SF above ground (plus 950 SF basement), 500 SF of outdoor space on three levels and generates $720,000 p.a. in gross income, perfect for an investor or live income user. The Net Operating Income is approximately $600,000, resulting in an attractive 3.75% cap rate at the price of $16,000,000. The 1,900 SF ground floor medical office rents for $300,000 p.a. The 4 bedroom residence on the top 4 floors is currently rented for $420,000 p.a., but could be delivered vacant for a buyer who wishes to live there. It has approximately 4,300 interior square feet and 500 exterior square feet and features large rooms, high ceilings, hardwood floors, six working fireplaces, elaborate wood moldings and millwork, solid cherry wood doors throughout and great natural light. State-of-the-art systems and appliances have been installed in every part of the house and the workmanship is of the highest quality. Great outdoor space on three levels: large terraces at rear of second and third floors and small terrace at the front of the fifth floor. This is a comfortable, charming home in a prime location.
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