INVESTOR OPPORTUNITY TRIBECA VALUE HIGH-INCOME-GENERATING 2-BEDROOM CONDO TENANT IN PLACE AT $6,600/MONTH $79,200 Annual Gross Rent Approx. $56,700 NOI Approx. 4.9% Cap Rate Low Carrying Costs Welcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner residence filled with natural light, offering an… Read More exceptional opportunity to own a high-income-generating investment property in Tribeca with an established tenant already in place. The residence is currently leased at $6,600 per month through July 2027, generating $79,200 in annual gross rental income and providing immediate cash flow from day one. The property benefits from low monthly carrying costs, with common charges of approximately $989 per month and real estate taxes of approximately $802 per month, supporting an estimated $56,700 annual NOI. At the current asking price of $1,150,000, the property offers an estimated 4.9% cap rate. Tribeca is one of Manhattan’s most prestigious and sought-after neighborhoods, renowned for its historic architecture, luxury residences, world-class dining, boutique shopping, acclaimed art galleries, and distinctive cobblestone streets. The property is conveniently located near Hudson River Park, SoHo, the Financial District, and many of Downtown Manhattan’s most celebrated restaurants and cultural destinations. Excellent transportation options provide convenient access to the 1, 2, 3, 6, A, C, E, J, M, Z, N, Q, R, and W subway lines. Investment Highlights True 2-bedroom, 1.5-bathroom layout Corner residence with abundant natural light Approximately 820 SF Established tenant in place at $6,600/month $79,200 annual gross rental income Approximately $56,700 estimated NOI Approximately 4.9% cap rate at asking Low carrying costs Common charges approximately $989/month Real estate taxes approximately $802/month Immediate rental income from day one Full-service condominium 24-hour doorman Elevator Laundry Prime Downtown Manhattan location Tenant occupied Sold in as-is condition Location. Income. Value. A compelling opportunity for an investor seeking strong rental income, immediate cash flow, low carrying costs, and ownership in one of Downtown TRIBECA Manhattan’s most desirable neighborhoods. Asking: $1,150,000 Read Less
Listing Courtesy of: Anny Yau, BC Realty Group LLC, 347-921-2111.
Listing Snapshot
Days Online
81
Last Updated
Property Type
Apartment
Beds
2
Full Baths
1
Partial Baths
1
Year Built
1988
MLS Number
RLS20094453
Additional Details
Building
Entry Level: 3, Features: Elevators, Living Area Units: SquareFeet, Rooms Total: 4, Structure Type: HighRise
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by The Anwar Team at Compass. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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