762 9th Avenue

Address: 762 9th Ave, New York, NY 10019, USA, New York, New York, US

New York & Tri-State + Low-Rise

Created date: November 10, 2023

Date last updated: November 10, 2023

Various capital improvements have recently been made to the property, which is in excellent condition (i.e., new roof, exterior/façade work, lobby/hallways, flue, video intercom). Arriba Arriba has been a tenant for decades and is a neighborhood institution. Both retail tenants pay a tax reimbursement, contributing to a strong bottom line. There are 8,132± SF of unused air rights which offer additional development potential in the future.

Property Description

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 762 Ninth Avenue, New York, NY 10019 (the “Property”) located in the Clinton-Hell’s Kitchen neighborhood of New York City. The Property is situated on a 25.42’ x 100’ lot and is comprised of a 4-story, walkup, Class C7 (Over Six Families with Stores) building containing 6,990± SF. The building has 9 residential units and 2 stores and is located on northeast corner of Ninth Avenue and West 51st Street. Within two blocks is the 50th Street [A,C,E,1,2] subway stations. The property generates approximately $763,000 of annual gross income. Various capital improvements have recently been made to the property, which is in excellent condition (i.e., new roof, exterior/façade work, lobby/hallways, flue, video intercom). Arriba Arriba has been a tenant for decades and is a neighborhood institution. Both retail tenants pay a tax reimbursement, contributing to a strong bottom line. There are 8,132± SF of unused air rights which offer additional development potential in the future.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Low-Rise
Price:	$7,950,000
No. of Units:	9
Year Built:	1900
Year Renovated:	1989
Building Size:	6,990 Sq ft
Lot Size:	2,510.00 Sq ft
No. of Stories:	4
Zoning Code:	R8, C1-5
Opportunity Zone:	No
Price per unit:	$883,333
Property Website	Click Here