Property Description
The apartments located at 39 Purdy Street, Harrison NY is comprised of 13 units (9-two bedroom and 4-one bedroom) totaling 11,980 rentable SF in one-3 story building built in 1928. Situated on a 0.11 acre site the English Tudor Style apartment building has Terrazo Floors in the common areas, a laundry facility and tenant storage in the basement, and a 900 SF terrace in the rear of the building. Located in the heart of downtown Harrison, the property is just 0.2 Miles from the Metro North Train Station with access into Grand Central in Midtown Manhattan in approximately 45 minutes. All units are rent stabilized and subject to ETPA. Current financials matches income & expenses received from owner. Potential income moves preferential rents to legal rent, all other rents to an annual allowable 1.5% on one year leases, and adds a 2% vacancy factor.
