323 100th St New York, NY 10025-5383
- Residential income homes
- 6,942 SF
- 0.05 lot acres
Jul 02, 2021
Current Use by Public Records
- Residential income homes
Property Details for 323 100th St
- Year built
- 1910
- Lot size
- 0.05 lot acres
- Property size
- 6,942 SF
- Zone code
- R8B
- Property type
- Residential income homes
- Property subtype
- Serviced apartments
- APN
- 01889-0009
- APU
- 18890009
Description
This 9-unit apartment building at 323 West 100th Street, New York, NY 10025, offers a compelling investment opportunity. The 6,942 square foot, five-story building, constructed in 1910, boasts a classic Renaissance-revival style within a 20-foot wide lot (2,018 sq ft). Recent upgrades include a new boiler, roof, backyard, and common areas, preserving the original historic woodwork and detailing. Currently vacant, this property presents a blank canvas for immediate income generation. The R8B zoning allows for 1,130 square feet of additional development rights. Located in the Riverside-West End Extension II historic district, the building benefits from its proximity to Riverside Park, the Hudson River, and the 1 train at 103rd Street. The asking price is $4,600,000, translating to $511,111 per unit and $662.63 per square foot. This prime Upper West Side location, adjacent to Riverside Park and near the Broadway commercial corridor, ensures strong rental demand and future appreciation potential. The building's excellent condition and recent renovations minimize immediate capital expenditures, making it an attractive investment for discerning buyers.
Value Estimations
-
AI approach
- Estimation
- $335,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $445,000
- 7%
- $420,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $405,000
- Mixed-Use
- $450,000
- Hospitality
- $405,000
- Educational
- $420,000
- Residential Income
- $420,000
- Energy
- $350,000
- Income-Based Land
- $385,000
- Food Service
- $420,000
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9723
- Latitude
- 40.7985
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA