138-140 East 30th Street

Kips Bay

$6,500,000
Last Sold Price
10
Beds
10
Baths
6,517 Sq. Ft.
$997 / Sq. Ft.
6,517
Sq. Ft.
$997
per Sq. Ft.

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.

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

StatusSold
Days on Market47
Taxes$6,765 / month
Maintenance$3,401 / month
Min. Down Pymt20%
Total Rooms15.0
Compass TypeMulti Family
MLS Type-
Year Built1900
Views-
Architectural Style-
Lot Size2,468 SF
CountyNew York County
Buyer's Agent Compensation2%

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

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

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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