Superior Ink's townhouses provide an exceptional quality of life on a tree-lined, cobbled-stone street of the West Village, one of the most coveted residential neighborhoods in Manhattan. Combining the privacy and expansiveness of townhouse living with all the amenities and services of the adjoining condominium tower. The townhouses share the full staff and 24-hr concierge and doorman with direct access to the amenities of the tower's state-of-the-art fitness center with yoga room, children's play room, private screening room, entertainment lounge, and 24-hr on-premises valet parking; and yet one has the privacy of a house. A townhouse resident may also access their home from the tower affording an alternative entrance to their townhouse front door. The townhouse resident may also access their home from the garage directly through the lobby to the townhouse corridor. Each townhouse is designed by world-renowned Robert A.M. Stern Architects, LLP and has its own elevator; landscaped private outdoor garden and roof terrace for sunset gatherings offering plenty of room to relax or entertain. The ease of condo ownership (including 421-A tax abatement) yet the privacy of townhouse living. 62 Bethune is 27' wide and on four floors with 4865 sq ft. There is an additional separate storage room.
Amenities: Elevator, Garden
Architecture Style: Other
Parking Type: Garage
Roof Type: Unknown
Rooms: Bedroom, Full Bath, Half Bath
62 Bethune Street, New York, NY 10014
7 Beds | 6 Full Baths | 1 Half Bath
62 Bethune Street, New York, NY 10014
7 Beds | 6 Full Baths | 1 Half Bath
The building is in excellent condition and has recently had a ton of work done to it?in the past few years, the owner has put in over $1MM in improvements. Along with the excellent location and unique layout, this could be a slam dunk for any of you that have investor clients looking for something of this nature. On top of that, there is FULL OCCUPANCY and even a waiting list to get into the building!
There are three sets of numbers that I will be including: the "actual" numbers and two different sets of "projected" numbers. Currently, the owner lives in a decked-out triplex in the building, and also uses an additional studio, so the "actual" numbers are a bit skewed for those of you with clients not looking to live in the building AND rent the rest. We are projecting that the additional studio could get a minimum of $1,800/month, and the Triplex could most likely fetch about $11K/month, so the projected NOI and ROI are based on those estimates.
Below, you can find all of the details.
Operating Expenses (Actual): $67,750/yr Gross Income (Actual): $172,740/yr NOI (Actual): $104,990/yr ROI (Actual): 1.75% -As I explained above, the owner lives in the sick triplex in the building (which has outdoor space with a hot-tub!), and also uses an additional studio as well. The result is higher operating expenses, which in turn means lower NOI and ROI. -There are 6 apartments currently being rented, and ALL ARE FREE MARKET!
Projected (If just renting the studio)
Operating Expenses (Projected if just renting studio): $66,550/yr Gross Income (Projected if just renting studio): $194,340/yr NOI (Projected if just renting studio): $127,790 ROI (Projected if just renting studio): 2.13% -In this instance, there would be 7 FREE MARKET APARTMENTS -The studio was recently renovated, so all of the finishes are brand new!
Huge kitchen with granite counter-tops which overlooks your private, serene garden off the wrought iron terrace. Owner's residence consist of a triplex with 3 bedrooms and 2.5 baths. There is an occupied full floor one bedroom apartment rental on the top floor with amazing views, flooded with natural light. There is a studio apartment on the garden level which is being used as a professional space. Gorgeous finishes throughout the entire property. Great investment opportunity! Live in this amazing townhouse with two apartments generating income for you! You're only a few short blocks away from great restaurants such as Red Rooster, Sylvia's and Chez Lucienne. The 2,3,4,5,6 subways are just steps away. Only a 15 minute train ride to Union Square. This neighborhood has amazing quiet tree lined streets with gorgeous brownstones everywhere and is growing fast. Call or email Shari today for your private showing.
Exquiste! Exceptional townhouse with all its original details intact. This home is spacious and airy with soaring ceilings on every floor. There are not too many homes left with the splendor of days gone by. Absolutely stunning! There are so many things you can do with this 5 story home. It is is excellent condition ready to move into. Do not waste time. It comes complete with a certificate of non harassment.
Very good investment property in a building that is rock solid strong! Four huge floor-tru apartmnts with very high ceilings that are always rented. The garden apartments boast a nice private backyard patio. Home set back from street with garden entry. One block away from The Church of All Saints AKA St. Patrick's of Harlem, as this landmark church was designed by the same architect of Saint Patricks Cathedral James Renwick Jr. Short walk to Metro-North and all trains & Buses. Great location. Townhouse has low taxes annually and produces a nice income. This can be your cash cow.
Feast your eyes on this lovely 4 story townhome, located on one of the best blocks in Harlem! Why pay obscene prices for a 2 bedroom co-op or condo, when you can own one of the most architecturally rich brownstones on this side of town. At over 3,200 square feet of spacious residential living, the home is loaded with original details such as wainscoting, fireplaces, intricate lattice work, ceiling medallions window shutters and ornate wall artistry. Additionally, the home has a new boiler (4 years old), new roof, along with a clean and clear basement for whatever your decorative palate desires. And best of all, you?ll have almost immediate access to the 2/3 trains at 116th Street with tons of shops, cafes, and restaurants with in minutes with Central Park North just one stop away. Having friends over for the holidays? You can entertain with Chef Marcus Samuelsson at the hottest hippest locale in town called the Red Rooster Harlem (www.redroosterharlem.com) and Ginny?s Supper Club. Don?t deprive yourself of a higher quality of living by squeezing into a shoebox-of-an-apartment in midtown when you can have it all?-the house, the tree-lined block, the convenient location, and infinite neighborhood amenities. Come be a part of the Harlem Renaissance and own a piece of history today. For a private showing, please contact Aion Grant at 516-448-5859.
This is a 5 story building on a PRIME Harlem block. The first three floors are commercial, and the top two are residential, and there is no C of O. The first floor is currently a laundromat, but there is no lease. The other four floors are framed out and have electricity, but no plumbing. Building in foreclosure, so buyer pays 6% broker fee. Buyer will also be responsible for $323K in back taxes, $58K in transfer tax, as this contract is being assigned. Current contract holder is a hard money lender, and may be willing to hold paper on a small portion of the purchase price. Asking price is FIRM. Building is in good condition. Will easily bring in $20k/month income. One and a half blocks from 2/3 express trains and bus stops in front. Seven blocks from entrance to Central Park.