503 West 168th Street

About this property

Developer next door built up two floors and made best use of the UNUSED FAR. This building is fully detached and is on a wide street. This property has 4370 UNUSED FAR. Apartments are in good condition.

RENT PER MONTH
Ground FL $2000 (was $2400) — 2bed 1bath
1st FL $3100 — 3bed 2bath
2nd FL $2800— 3bed 2bath — Empty
3rd FL $2800 — 3bed 1bath
=$10,700 × 12 $128400

ANNUAL EXPENSES
$3300 Insurance
$3000 Water
$5560 Gas/Heat
$5700 Taxes
=$17,560

NOI $110,840
4.4% CAP

-- GROUND FLOOR LEASE ENDS APRIL 2022 +OTHER TENANTS ARE MONTH TO MONTH
-- ROOF+WATER HEATER WAS DONE 10YRS AGO
— BOILER DONE AUGUST 2020

Residential FAR 3.44
Facility FAR 6.5
FAR as built 1.60
Allowed usable floor area 8,170
Usable floor area as built 3,800
Unused FAR 4370

Listing courtesy of Troy Gordon and Ali Raza