Category: Four Residential Apartments in a Newly Developed Condominium
About This Project: Alpha Properties and its investors acquired four residential condominium apartments, collectively spanning 2,400 SqFt. These units consistently lease quickly, delivering a cap rate of over 8% and appreciating by an additional 7% annually-resulting in a combined return of approximately 15% per year.
About This Project: Alpha Properties and its investors acquired four residential condominium apartments, collectively spanning 2,400 SqFt. These units consistently lease quickly, delivering a cap rate of over 8% and appreciating by an additional 7% annually-resulting in a combined return of approximately 15% per year.
Basic Information
- Address
- 1595 Lexington Avenue, New York, NY
- Property Type
- Condo
- Neighborhood
- Upper East Side
- Stories
- 7
- Residences
- 4
Features & Amenities
Bicycle Room
Common Outdoor Space
Elevator
Health Club
Laundry
Lounge
New Construction
Receiving Room
Roof Deck
Storage
Subway
Virtual Doorman
Wheelchair Access
WiFi