1289 Madison Ave, New York 10128
- 5 story, mixed-use building, with 6 units in the heart of Carnegie Hill’s Historic District
- Situated on bustling Madison Ave, just off East 92nd Street
- Enjoy the exceptional transportation & conveniences
- A plethora of incredible independent restaurants, cafes, and bars nearby
- Just blocks away from Central Park, Guggenheim Museum and Museum Mile
- Close to the 4, 5, 6 & Q trains and the crosstown M96 bus.
- Large, new condo developments in the area will bring the desired foot-traffic for the ground floor commercial tenant
current
Download Offering Memorandum
UNITS: 6
GROSS RENT MULTIPLIER: 18.05
CAP RATE: 3.6
PRICE
$9,500,000
ANNUAL INCOME
$524,280
ANNUAL NOI
$340,069
ANNUAL EXPENSE
$160,033
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 0 | 1 | $20,000 | $20,000 | $20,000 | $20,000 |
| 1 | 0 | 1 | $8,250 | $8,250 | $8,250 | $8,250 |
| 1 | 2 | 1 | $4,995 | $4,995 | $4,995 | $4,995 |
| 1 | 1 | 1 | $2,995 | $2,995 | $2,995 | $2,995 |
| 1 | 0 | 1 | $2,450 | $2,450 | $2,450 | $2,450 |
| 1 | 2 | 1 | $5,000 | $5,000 | $5,000 | $5,000 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 6 | 5 | 6 | $43,690 | $43,690 |
