321 Milford St New York, NY 10018
- Apartment buildings
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 321 Milford St
- Property type
- Apartment buildings
Description
This well-maintained, legal four-family brick building at 321 Milford Street in New York, NY 10018 presents a compelling investment opportunity. The semi-attached structure boasts 3,184 square feet of living space, situated on a 36 x 100 lot with a private driveway. The building features two three-bedroom apartments and two two-bedroom apartments, each with a spacious living room and modern open-plan kitchen. Recent upgrades include all new plumbing, gas lines, and electrical systems throughout the building. A new gas boiler with a 75-gallon hot water tank and a new rubberized roof ensure efficiency and longevity. The full basement offers high ceilings, ceramic tile, ample windows, and two entrances. The property benefits from R5 zoning and a significant 1,332 unused FAR. The building's strong financial performance is highlighted by an annual income of $100,968, expenses of $12,359, and a net operating income (NOI) of $88,609. Conveniently located near the A and C trains, buses, and various shopping options, this property offers immediate rental income with minimal required work. The high ceilings and excellent location make this a truly exceptional investment. The asking price is $1.35 million.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- NY
- State
- New York
- Longitude
- -73.876
- Latitude
- 40.6713
