138-140 East 30th Street
$6,500,000
10
10
6,517
6,517
$997
Sold 9/20/18
Description
The Beyond Capital Team is pleased to offer the combined sale of 138-140 E 30th Street, located between 3rd Avenue and Lexington Avenue in the Kips Bay section of Manhattan, New York. 138 & 140 East 30th Street, are two contiguous beautifully pointed brick façade apartment buildings with arched front windows and adorned with original wrought iron balconies and front fencing. Located on a quiet tree-lined street in Kip’s Bay steps away from the bustling and vibrant neighborhoods of Murray Hill, Madison...The Beyond Capital Team is pleased to offer the combined sale of 138-140 E 30th Street, located between 3rd Avenue and Lexington Avenue in the Kips Bay section of Manhattan, New York. 138 & 140 East 30th Street, are two contiguous beautifully pointed brick façade apartment buildings with arched front windows and adorned with original wrought iron balconies and front fencing. Located on a quiet tree-lined street in Kip’s Bay steps away from the bustling and vibrant neighborhoods of Murray Hill, Madison Square Park, and Gramercy Park. Kip’s Bay is an extremely vibrant neighborhood consisting of high end residential, commercial, hospitals, schools, and an array of retail destinations culminating into a very desirable neighborhood to live in. The subject properties offer a multitude of uses potentially fitting the needs for many types of investor or users. 138-140 E 30th have the ability to be delivered with a existing rent roll in place with the upside to increase the CAP Rate.
Additional buyers will be provided with suggested plans to convert the triplex 5 bedroom into 6 studios to increase the rent roll. The additional 3,359 SQ FT of air rights can be used for an extension of the existing structures. Upon request, we can provide you with current rent rolls along with the short term leases we have in place, proposal from the architect to convert the 5 bedroom triplex into 6 studios and the option to add on to the current building.
Current GROSS RENT ROLL: 425,346.00
Current Net Operating Income: 286,462.08
Current CAP RATE: 4.24%
Proposed GROSS RENT ROLL: 463,200.00
Proposed Net Operating Income: 323,559.00
Proposed CAP RATE: 4.79%
For Viewings, Please Contact Mirza Avdovic of COMPASS.
Additional buyers will be provided with suggested plans to convert the triplex 5 bedroom into 6 studios to increase the rent roll. The additional 3,359 SQ FT of air rights can be used for an extension of the existing structures. Upon request, we can provide you with current rent rolls along with the short term leases we have in place, proposal from the architect to convert the 5 bedroom triplex into 6 studios and the option to add on to the current building.
Current GROSS RENT ROLL: 425,346.00
Current Net Operating Income: 286,462.08
Current CAP RATE: 4.24%
Proposed GROSS RENT ROLL: 463,200.00
Proposed Net Operating Income: 323,559.00
Proposed CAP RATE: 4.79%
For Viewings, Please Contact Mirza Avdovic of COMPASS.
Amenities
- City Views
- Open Views
- Balcony
- Juliet Balcony
- Exposed Brick
- Decorative Fireplace
- Crown Mouldings
- Hardwood Floors
LISTING UPDATED: 05/17/2019 07:14 AM
Property Details for 138-140 East 30th Street
Status | Sold |
---|---|
Days on Market | 47 |
Taxes | $6,765 / month |
Maintenance | $3,401 / month |
Min. Down Pymt | 20% |
Total Rooms | 15.0 |
Compass Type | Multi Family |
MLS Type | - |
Year Built | 1900 |
Views | - |
Architectural Style | - |
Lot Size | 2,468 SF |
County | New York County |
Buyer's Agent Compensation | 2% |
Building Information for 138-140 East 30th Street
Stories4Residences10Year Built1900Building Size13' x 49'Building Sq. Ft2,548 SFLot Size2,468 SFBuilding Age-Building Type-
Property History for 138-140 East 30th Street
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 138-140 East 30th Street
This home is within New York City Geographic District # 2.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 116 Mary Lindley Murray PublicPK to 5 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 | ||
Lower Manhattan Community Middle School Public6 to 8 | ||
Jhs 104 Simon Baruch Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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