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815 Riverside Drive Sales Offering
New York, New York July 2016
PROPERTY ADDRESS: 815 Riverside Drive
New York, NY 10032,
Aka 613 W 158 St
BLOCK/LOT: 02135-0001
DESCRIPTION: 4 Story, building comprising 6 residential units.
LOT SIZE: 73.58 ft x 45.08 ft (3,316 SF)
BUILT: 37 ft x 39 ft (1,443 SF)
# OF STORIES: 4
TOTAL BUILDING SF: 4,384 +/- SF
LAYOUT: 2/1.5 , 2/3 , 1/3 (penthouse) , 1 /duplex (4 Room)
TOTAL: 6 Units
16 Rooms
INCOME & EXPENSES:
Actual Rental Income $58,338
Owner Occupied Income $30,000
Projected Residentaial $18,720
Garage Income $3,900
Total Income $110,958
Less 3% Vacancy $3,329
Effective Gross Income: $107,630
Taxes: 16/17 $13,059
Water & Sewer: $4,800
Fuel: (gas heat) $4,400
Electric:(common area) $900
Insurance: $2,700
Help: $1,800
Management $2,400
Repairs $3,000
Total Expenses: $33,059
Net Operating Income: $74,571
INCOME
EXPENSES
ASKING PRICE: $3,750,000
Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454
Cedarhurst, NY 11516 Fax: (516) 569-3831
815 Riverside Drive Sales Offering
New York, New York July 2016
RENT ROLL:
Apart. # Apartment Data Square Ft. RENT Security Status
Lease
Expiration
Date
Lease
Security
Market
Value/Rent
Stab.
1-E Studio Apartment 380 1,560.00$ Vacant-projected Market
2 2nd & 3rd Flr. Duplex 1,300 2,500.00$ Owner Occupied Market
3-W One BdRm 550 1,068.78$ Lease Expiration 12/31/2016 $600.00 Rent St.
4-E Studio Apartment 400 1,560.00$ Lease Expiration 8/31/2016 $1,560.00 Rent St.
4-W One BdRm 550 772.75$ Lease Expiration 12/31/2016 $400.00 Rent St.
5 One BdRm Penthouse 616 1,460.00$ Lease Expiration 8/31/2017 $600.00
Garage (One Car ) 185 325.00$
Monthly 9,246.53$ $3,160.00
Annual 110,958.36$
PHOTOGRAPHS OF SUBJECT PROPERTY:
Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454
Cedarhurst, NY 11516 Fax: (516) 569-3831
815 Riverside Drive Sales Offering
New York, New York July 2016
AREA MAP:
THE FOREGOING IS BASED UPON INFORMATION FURNISHED TO US BY SOURCES DEEMED TO BE RELIABLE BUT
Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454
Cedarhurst, NY 11516 Fax: (516) 569-3831
815 Riverside Drive Sales Offering
New York, New York July 2016
NO RESPONSIBILITY IS ASSUMED BY REASON OF ERRORS, INACCURACIES, OMISSIONS, PRIOR SALE, CHANGE IN
PRICE AND/OR WITHDRAWAL WITHOUT NOTICE.
Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454
Cedarhurst, NY 11516 Fax: (516) 569-3831

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815 Riverside Drive - For Sale

  • 1. 815 Riverside Drive Sales Offering New York, New York July 2016 PROPERTY ADDRESS: 815 Riverside Drive New York, NY 10032, Aka 613 W 158 St BLOCK/LOT: 02135-0001 DESCRIPTION: 4 Story, building comprising 6 residential units. LOT SIZE: 73.58 ft x 45.08 ft (3,316 SF) BUILT: 37 ft x 39 ft (1,443 SF) # OF STORIES: 4 TOTAL BUILDING SF: 4,384 +/- SF LAYOUT: 2/1.5 , 2/3 , 1/3 (penthouse) , 1 /duplex (4 Room) TOTAL: 6 Units 16 Rooms INCOME & EXPENSES: Actual Rental Income $58,338 Owner Occupied Income $30,000 Projected Residentaial $18,720 Garage Income $3,900 Total Income $110,958 Less 3% Vacancy $3,329 Effective Gross Income: $107,630 Taxes: 16/17 $13,059 Water & Sewer: $4,800 Fuel: (gas heat) $4,400 Electric:(common area) $900 Insurance: $2,700 Help: $1,800 Management $2,400 Repairs $3,000 Total Expenses: $33,059 Net Operating Income: $74,571 INCOME EXPENSES ASKING PRICE: $3,750,000 Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454 Cedarhurst, NY 11516 Fax: (516) 569-3831
  • 2. 815 Riverside Drive Sales Offering New York, New York July 2016 RENT ROLL: Apart. # Apartment Data Square Ft. RENT Security Status Lease Expiration Date Lease Security Market Value/Rent Stab. 1-E Studio Apartment 380 1,560.00$ Vacant-projected Market 2 2nd & 3rd Flr. Duplex 1,300 2,500.00$ Owner Occupied Market 3-W One BdRm 550 1,068.78$ Lease Expiration 12/31/2016 $600.00 Rent St. 4-E Studio Apartment 400 1,560.00$ Lease Expiration 8/31/2016 $1,560.00 Rent St. 4-W One BdRm 550 772.75$ Lease Expiration 12/31/2016 $400.00 Rent St. 5 One BdRm Penthouse 616 1,460.00$ Lease Expiration 8/31/2017 $600.00 Garage (One Car ) 185 325.00$ Monthly 9,246.53$ $3,160.00 Annual 110,958.36$ PHOTOGRAPHS OF SUBJECT PROPERTY: Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454 Cedarhurst, NY 11516 Fax: (516) 569-3831
  • 3. 815 Riverside Drive Sales Offering New York, New York July 2016 AREA MAP: THE FOREGOING IS BASED UPON INFORMATION FURNISHED TO US BY SOURCES DEEMED TO BE RELIABLE BUT Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454 Cedarhurst, NY 11516 Fax: (516) 569-3831
  • 4. 815 Riverside Drive Sales Offering New York, New York July 2016 NO RESPONSIBILITY IS ASSUMED BY REASON OF ERRORS, INACCURACIES, OMISSIONS, PRIOR SALE, CHANGE IN PRICE AND/OR WITHDRAWAL WITHOUT NOTICE. Paradigm Commercial Real Estate, LLC Phone: (516) 569-3454 Cedarhurst, NY 11516 Fax: (516) 569-3831