Owner
$3,464,530
88 LEXINGTON AVE APT 902, NEW YORK, NY
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
0
baths
0
sq. ft.
1,873
property type
Condominium Unit (Residential)
hoa
Yes
About
Residential
Living Area
18 Stories
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1927
Building Size
1,873 sq ft
Lot Size
11,282 sq ft
Lot Size (Acres)
0.26 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
00882-1242
County
New York County, New York
Metro Area
New York-Newark-Jersey City, NY-NJ
Zoning
C62A
Neighborhood/Subdivision
—
Lot Number
1242
School District
New York City Department Of Education
Legal Description
—
Tax & Value Information
Market Value (Total)
$843,214
Building Value
$749,982
Land Value
$93,232
Annual Property Tax
$44,146
Tax Assessment Year
2024
Assessed Value
$353,232
Last Assessment Year
2025
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
10/10/2022
Recording Date
10/26/2022
Sales Document #
2022.404969
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$134,059
Return on Investment
15.60%
After Repair Value
$3,810,983
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$3,118,077
Renovation Cost
$173,227
Closing Costs (buying)
$62,362
Holding Costs
$94,600
Selling Costs
$228,659
Total Investment
$859,203
After Repair Value (ARV)
$3,810,983
Total Costs
$3,676,924
Estimated Profit
$134,059
Cash Invested
$796,842
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area