376 Broadway Unit 3-F, New York, NY 10013

Property Description

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 CostsWelcome to 376 Broadway #3F, a spacious true 2-bedroom, 1.5-bathroom corner residence filled with natural light, offering an 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 HighlightsTrue 2-bedroom, 1.5-bathroom layoutCorner residence with abundant natural lightApproximately 820 SFEstablished tenant in place at $6,600/month$79,200 annual gross rental incomeApproximately $56,700 estimated NOIApproximately 4.9% cap rate at askingLow carrying costsCommon charges approximately $989/monthReal estate taxes approximately $802/monthImmediate rental income from day oneFull-service condominium24-hour doormanElevatorLaundryPrime Downtown Manhattan locationTenant occupiedSold in as-is conditionLocation. 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