3 Generations on the Lower East Side.

James Street

neighborhood: Chinatown
price: $2,000,000

31-33 James Street, Manhattan
Five story walk up building between Chinatown and the Federal courts. The apartments are all 500sf 2 bedroom or convertible one bedrooms with low rents for potential for upside. Motivated Seller
LOT SIZE: 45 X 25 Block/Lot 116/48
Building Size: 45 X 25 Zoning R7-2

Store 1: Vacant Value $3000.00
Store 2: Cleaners $1100.00 $2000.00 $
Store 3: Nail Salon $1100.00 $2000.00
1. 2 Bed FM Actual $1900.00
2. 2 Bed Vacant Value $2295.00
3. 2 Bed RC $170.00 $170.00
4. 2 Bed RS $400.75 $424.80
5. 2 Bed* RC $160.00 $160.00
6. 2 Bed Vacant Value $2295.00
7. 2 Bed FM Actual $2000.00
8. 2 Bed* RC $163.00 $163.00
Monthly $9848.76 $16,407.80

Total Income (after store is rented) $196,893.6
Expenses: $1,275,000 6.125% $93000.00
Taxes (07/08) $17,000.00
Insurance $4,500.00
Water & Sewer $2,335.00
Super $3,600.00
Fuel(gas) $8,084.00
Hall lights $1,100.00
Total Expenses: $34,619.00

Net Operating Income: $168,274.6

PRICE: $2,200,000.00