143 W 30

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.