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85 W 28th St
85 W 28th St Property Highlights
*Est.: $7,998/mo Get pre-qualified- MLS# : A12058410
- Listing Type : Rental
- Year Built : 1971
- Status : Active
- Total Area : 4905 sqft ($330/sqft)
- Days on Market : 70
Property Details
This well-maintained, 2-story building with 4,905 sq ft of living space sits on a 6,450 sq ft lot and was built in 1971. Key updates include a 1 year old roof, security cameras and impact windows. The property features a mix of four 1BD/1BA units and four 2BD/1BA units. It is 100% occupied on flexible month-to-month leases, offering an ideal opportunity for rent optimization in a market with consistent year-over-year growth. Annual Gross Income: $124,800 - Operating Expenses: $49,000 - Net Operating Income (NOI): $75,800 GRM 13.62 (4.69% cap rate at asking price) - Pro Forma Potential: Immediate 5-10% rent upside due to below-market rates and strong local demand. DO NOT DISTURB THE TENANTS.
General Information
- Cooling: Wall/Window Unit(s)
- Heating: Wall Furnace
- Roof: Composition
- Total Building Sqft: 4905
- Flooring: Terrazzo
- Parking: Assigned
- Security: Security System
Fees and Membership
- Tax Amount: $13,920
- Tax Year: 2025
Listing Courtesy of Saul Milian RE/MAX United Realty.
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