Development Site on 38th Street, Garment Center, NYC 29,600 footprint - Residential FAR 6.5, 192,800 SF as-of-right buildable Commercial FAR 10, 356,000 buildable Residential FAR can be increased to 10 with 20% for affordable housing,can be built here or within 1/2 mile of site. giving 284,800 Residential Buildable = $219 PSF PRICE $55,000,000 FIRM Current lease ends 9/07 Current Net Income $400k per yr. Buyer is allowed to do what he wishes with site after lease ends 9/07 No Current Mortgage Current New Condo's in area selling for $1000-$1300 PSF Good for Residential Condo's/Hotel or Rentals NO BROKERS QUALIFIED DEVELOPERS WITH FINANCIALS ONLY
Sincerely Bill Perez Wellington Capital Group Inc. [EMAIL PROTECTED] Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
