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Longview Terrace
Port Chester (NY), United States
$800 per slot
315 King Street #5B, Port Chester, NY 10573
A mature real estate market with favourable returns.
Average occupancy 85%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 11%
3% from capital appreciation and 8% from average rental income.
Investment duration
Recommended standard 2 - 5 years
Property Overview
Welcome to the Longview Terrace Cooperative, unit #5B - Inside the unit, you will discover a spacious living room that leads to a balcony that overlooks downtown Port Chester & Byram, perfect for entertaining, gardening, and relaxing. There is a great dining room nook and more room for an entry table or desk. Kitchen also has space for a small table and great views of downtown. There is no shortage of closet space as there is ample storage throughout. Parking space #113 is deeded to the apartment. The building recently upgraded its roof, driveway, new oil tank, elevator, pool, back courtyard, and lobby. Laundry is available on the first floor along with a bike room, and additional storage room. The Longview Terrace apartments are up the street from Port Chester Metro-North train station. Perfectly located in downtown Port Chester where you will find all your conveniences and day to night activities, Interstate-287, Interstate-95, and Hutchinson Merritt Parkway.
Financial Details
Total Property Value
$80,000
Price Per Slot
$800
Aquisition & Legal Fees (3%)
$2,400
Total Cost Per Slot (incl. fees)
$824
Projected Returns
Projected Gross Rent
$6,400 (8% of value)
Management fees (7%)
$448
Operating/Service Expenses (3%)
$192
Projected Net Income
$5,760
Net ROI Per Slot (on $800)
11% annually
Additional Details
- Bedroom
- 1
- Bathroom
- 1
- Area
- Int - 850 Sq Ft.
Ext -
Location
Port Chester NY, United States