NO BROKERS?
JohnMangual
TheBronx
"pezman.rm" <[EMAIL PROTECTED]> wrote:
"pezman.rm" <[EMAIL PROTECTED]> wrote:
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]
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