IP 320 EAST 11TH STREET Two 4-Story SRO Buildings in Prime East Village Delivered Mostly Vacant ±6,585 SF GROSS SF 3.6% CAP RATE $369,842 NOI PROPERTY INFORMATION ADDRESS 320 East 11th Street, New York, New York 10003 LOCATION BOROUGH LOT SIZE BUILDING SIZE FM AS BUILT ZONING Between First & Second Avenues Manhattan BLOCK/LOT 452/23 25' x 94.75' LOT SF ± 2,369 SF Front building: 25' x 35' BUILDING SF ± 6,585 SF Rear building: 25' x 44' 2.78 MAX FAR 4 R8B AIR RIGHTS ± 2.890 SF DESCRIPTION Two 4-story SRO buildings front and rear on the same lot containing 28 single room units plus one store. Both buildings share a common courtyard. 19 of the units have private toilets, and 8 have private showers. Building can be delivered vacant except for 3 permanent tenants, and the store which expires 1/31/2020. FINANCIAL INFORMATION GROSS INCOME EXPENSES NOI CAP RATE ['faceted $498,504 $128,662 $369,842 3.6% REMARKS • Prime East Village location • Short walk to subway • Walk to shopping/restaurants/nightlife ASKING PRICE: $10,250,000 C /sow els. es .1 so s 'N. / it.' itsw stair town et. 'site o mi., sr Yctk 1.1,,nury 0 I e ne. C 0 ' 4,, "Ana., fp. en. at. (AY EASTERN CONSOLIDATED W. 355 Lexington Avenue I New York, NY 10017 I 212.499.7700 I Facsimile 212.499.7718 I rfinsab” mtiraraNfer is trim truce ceemea ratase bs. v siefict tocrrir. coisierls. charge at rice aciersis ati othadoalimthaut prix notices ar time. IPP/K12518) EFTA00794902