Invest securely with a possible 8 Cap return on this Live-Work Professional, Cooperative apartment rented on a long-term basis to the New York State Assembly as a District Office. This apartment features five rooms and two bathrooms. This fabulous, income producing space is Located in The Armstead, a Pre-War, 24Hr building located on the vibrant Upper Westside. There is a private, street level entrance as well as a lobby entrance. The current lease term will expire in June 2023 but NYS has continuously renewed for the last thirty years and has no intention of vacating unless asked by the next owner. Great for a 1031 Exchange. The Return on Investment is Superb! Cap Rate: 6.7
The monthly maintenance is $2215.19
The monthly rent is $8961.
Monthly profit is $6,745.81