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[PublicRemarks] => Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue. <br> <br> Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years. <br> <br> Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income. <br> <br> The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this: <br> <br> Gross Income: $143,000 <br> RE Taxes: $4,667 <br> CAM Charges Annually $12,384 <br> Vacancy Allowance $0 <br> Total Expenses $17,051 <br> <br> Net Income: $125,949 <br> <br> Cap Rate @ $1.65M 7.6% <br> <br> Not bad for a neighborhood where commercial property changes hands at a 5% cap rate.
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[PublicRemarks] => <p> Set within one of the Upper East Side's most architecturally distinctive landmark buildings, this bright 2-bedroom, 2 private outdoor spaces residence at The Cherokee offers an exceptional opportunity for first-time buyers, professionals, investors, and pied-à-terre seekers alike. Monthly maintenance is just $1,376 - an exceptionally low figure that already includes gas and electricity, making this an outstanding value in today's market.</p> <p> Bathed in natural light, the apartment features dramatic floor-to-ceiling windows, rich hardwood floors, and original details that speak to the building's storied 1909 Beaux-Arts heritage. Both bedrooms enjoy generous light and each opens onto its own private balcony - a rare double feature in this price range. The kitchen is functional with gas range and ample cabinetry. Freshly painted and move-in ready.</p> <p> Located directly across from John Jay Park and the East River Esplanade in Lenox Hill, The Cherokee is a landmark building comprised of four elegant courtyard buildings with richly detailed architecture. The building is extremely well-managed with strong financials, a live-in superintendent, attentive staff, central laundry, bike storage, and a package room.</p> <p> Investor-friendly: the apartment can be rented from day one of ownership. The building also welcomes parents purchasing for children, co-purchasing, guarantors, and pied-à-terres, with a flexible sublet policy. Pet-friendly.</p> <p> Superb transportation access with the 4/5/6 express trains at 77th Street and the Q train at 72nd Street just moments away.</p> <p> Contact us today to schedule a private showing.</p>
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This bright 2-bedroom, 2.5-bath home features floor-to-ceiling windows, Brazilian cherry hardwood floors, and refined finishes throughout. The custom white oak chef’s kitchen is equipped with premium appliances including Sub-Zero, Miele, and Viking, complemented by Pietra Bedonia stone countertops, a built-in wine cooler, and garbage disposal system. Additional conveniences include an in-unit washer and dryer.
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This bright 2-bedroom, 2.5-bath home features floor-to-ceiling windows, Brazilian cherry hardwood floors, and refined finishes throughout. The custom white oak chef’s kitchen is equipped with premium appliances including Sub-Zero, Miele, and Viking, complemented by Pietra Bedonia stone countertops, a built-in wine cooler, and garbage disposal system. Additional conveniences include an in-unit washer and dryer.
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Millennium Tower Residences is one of Manhattan’s premier full-service green luxury condominiums, offering modern environmentally conscious living, on-demand heating and cooling, and excellent amenities and services.
Perfectly located near the Financial District, Tribeca, Brookfield Place, waterfront parks, and multiple subway lines (1/4/5/R), with easy access to Brooklyn, New Jersey, West Side Highway, and FDR Drive. Residents also enjoy a complimentary private shuttle service throughout Battery Park City, FiDi, and Tribeca.
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