143
WEST 3 0T H STREET
143
West 30th Street
MIDTOW N S O U T H MIX E D - U S E B U I L D I N G
For Sale please inquire with brokers
143 West 30th Street was developed and built in 2012 as a condominium building but is currently being operated as a mixed-use rental building. The Sponsor has retained Douglas Elliman Real Estate to exclusively arrange the fee simple sale of the entire property, including all units currently managed as the Davos Condominium. Located on the North side of West 30th Street between 6th and 7th Avenues, in the Chelsea neighborhood of Midtown South, the 15-story building is comprised of 26 1-bedroom apartments and 1 commercial retail space including an accessory cellar space. All units are free market and leased with rents positioned to increase by 20% to meet the residential market demand. This disposition opportunity provides the purchaser the option to continue operating as a rental building with in-place cash flow or sell individually as condominiums to investors or for owner-occupancy.
APARTMENT FEATURES: Dishwasher · Washer/Dryer · Microwave · Air Conditioning Tub and Shower Bathroom · Wood Floors · Balcony · Wheelchair Accessible · Fireplace
Key Facts
Address:
143 West 30th Street, New York, NY 10001
Locations:
North side of West 30th Street between 6th and 7th Avenues
Block | Lot:
806-12
Lot Dimensions:
25 FT x 98.75 FT
Lot SF
2,469 SF
Building Dimensions
25 FT x 99 FT
Building SF
26,332 SF
Stories
15
Residential Units:
26
Retail Units:
1
Total Units:
27
Residential SF:
16,697 SF
Average Unit Size:
642 SF
Total Balcony | Terrace SF
1,574 SF
Commercial SF:
GROUND 1,817 SF | CELLAR 1,199 SF
Zoning:
M1-6
Residential Air:
10
Total AS Built SF:
19,530 SF
Available Air Rights:
5,160 SF
Tax Class:
CONDO
Certificate of Occupancy:
FINAL
Fully Sprinkled:
YES
Elevator
1
Note: All square feet measurements are approximate
Residential Income
APT#
# OF BEDS + BATHS
INTERIOR SF
EXTERIOR SF
LEASE EXP DATE
MONTHLY RENT
PROFORMA RENT
2A
1&1
643
0
6/30/2023
$3,500.00
$4,150
2B
1&1
606
400
4/30/2023
$3,500.00
$4,150
3A
1&1
643
31
7/31/2023
$4,150.00
$4,150
3B
1&1
606
41
9/30/2023
$4,000.00
$4,150
4A
1&1
643
31
5/31/2023
$3,500.00
$4,150
4B
1&1
606
41
6/30/2023
$3,500.00
$4,150
5A
1&1
643
31
8/31/2023
$3,700.00
$4,150
5B
1&1
606
41
9/30/2023
$3,600.00
$4,150
6A
1&1
643
31
5/31/2023
$3,500.00
$4,150
6B
1&1
606
41
3/31/2023
$3,500.00
$4,150
7A
1&1
643
31
8/31/2023
$3,500.00
$4,250
7B
1&1
606
41
4/30/2023
$3,500.00
$4,250
8A
1&1
643
31
7/31/2023
$3,600.00
$4,250
8B
1&1
606
41
3/31/2023
$3,500.00
$4,250
9A
1&1
643
31
3/31/2023
$3,500.00
$4,250
9B
1&1
606
41
10/31/2023
$4,000.00
$4,250
10A
1&1
643
31
3/31/2023
$4,000.00
$4,250
10B
1&1
606
41
8/6/2023
$3,500.00
$4,250
11A
1&1
643
31
9/15/2023
$3,600.00
$4,250
11B
1&1
606
41
10/31/2023
$4,000.00
$4,250
12A
1&1
643
31
4/30/2023
$3,200.00
$4,250
12B
1&1
606
41
6/30/2023
$3,500.00
$4,250
13A
1&1
643
31
12/31/2022
$3,500.00
$4,250
13B
1&1
606
41
4/30/2023
$4,000.00
$4,250
14A | Duplex
1&2
853
496
8/31/2023
$4,700.00
$5,000
14B | Duplex
1&2
856
286
9/30/2023
$4,700.00
$5,000
$97,750
$111,000
$1,173,000
$1,332,000
AVERAGE RENT PER UNIT:
$3,760
$4,269
AVERAGE RENT PER SF:
$69.78
$77.62
GROSS MONTHLY RESIDENTIAL RENT: GROSS ANNUAL RESIDENTIAL RENT:
Note: All square feet measurements are approximate
Commercial Income
# OF BATHS
INTERIOR SF
EXTERIOR SF
LEASE EXP DATE
MONTHLY RENT
PROFORMA RENT
1
1,817
0
11/30/2022
$10,000.00
$15,000
1,199
0
GROSS MONTHLY COMMERCIAL RENT:
$10,000
$15,000
GROSS ANNUAL COMMERCIAL RENT:
$120,000
$180,000
$66
$99
UNIT# GROUND CELLAR
AVERAGE RENT PER SF:
Note: All square feet measurements are approximate
Expenses
Actual
Projected
WATER | SEWER
$23,000
$23,000
UTILITIES
$21,500
$21,500
INSURANCE
$19,000
$19,000
REPAIRS & MAINTENANCE
$15,000
$15,000
ELEVATOR
$6,500
$6,500
SPRINKLER
$3,000
$3,000
ALARM
$2,500
$2,500
TELEPHONE
$2,500
$2,500
WAGES AND MANAGEMENT
$160,000
$50,000
TOTAL ANNUAL OPERATING EXPENSES
$253,000
$143,000
2022/2023 REAL ESTATE TAXES*
$286,053
$286,053
TOTAL EXPENSES:
$539,053
$429,053
GROSS ANNUAL REVENUE
ACTUAL
PROJECTED
$1,293,000
$1,512,000
LESS EXPENSES
($539,053)
($429,053)
NET OPERATING INCOME
$753,947
$1,082,947
(February 1, 2022 to January 31, 2023)
*as per the 5th Amendment of Offering Plan dated January 18th, 2022
Around Town
TRAN SPORTAT ION H U B Penn Station
Lincoln Tunnel
Grand Central Terminal
Port Authority HELLS KITCHEN
ENTERTA IN ME N T Penn Plaz New Dev
Madison Square Garden
THEATER DISTRICT
S HO PPIN G Macy’s Flagship
Herald Square Shopping
5th Ave Shopping
Target
5th Ave South Shopping
MIDTOWN
GASTRON OMY Eataly
Fairway
35 Madison Park
The Smith
Trader Joes
KazuNori
Trader Joes 2
Jue Lan Club
Whole Foods
Whole Foods 2
KOREA TOWN
NOMAD
NYC L A N DMA R KS Empire State Building
Flatiron Building
Chrystler Building
Times Square
K EY
• T R A N S P O RTAT I O N H U B • E N T E RTA I N M E N T • SHOPPING • GAST RO N O M Y
HOTE LS The James Hotel
The Hotel Chelsea
The New Yorker
PA R KS Bryant Park
Madison Square Park
S U BWAY N
Q
R
W
B
D
F
4
at 34th St Herald Square
N
Q
R
S
at Times Square
1
5
6
7
S
at 42 St Grand Central Terminal nd
2
3
7
A
C
E
at 42nd St - Port Authority Bus Terminal
1
2
3
at Penn Station
• • • •
N YC L AN D M A R K NEIGHBORHOOD H OT E L PA R K
MU RRAY H ILL
PHA Floorplan
PHB Floorplan
A Line Floorplan
B Line Floorplan
G RO U ND F LO O R
C ELLAR
all measurements are approximate
Commercial Floorplan
143
W EST 3 0TH STREET
Louis Puopolo
Lisa Simonsen
Lic. Assoc. R.E. Broker
Lic. Assoc. R.E. Broker
O 212.776.4367 M 917.374.0099 louis.puopolo@elliman.com
O 212.702.4005 M 917.575.6775 lsimonsen@elliman.com
575 MADISON AVENUE, NY, NY 10022. 212.891.7000 © 2022 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.