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
ASKING PRICE:$3.75 Million
Contact me for more information.
Josh Lugassy
Paradigm Commercial Real Estate LLC
445 Central Avenue
Suite 215
Cedarhurst, New York 11516
Tel: 516 612 7917
Fax: 516 569 3831
Email: Josh@paradigmcre.com
www.paradigmcre.com
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