2307 New York Ave SW

Multi-Family: Low-Rise

2307 New York Ave SW, AlbuquerqueNM 87104

Property Details

Location

Address
2307 New York Ave SW, AlbuquerqueNM 87104
County
Bernalillo
Submarket
Downtown
Parcels
101205851226410207

Building Size

Building Size
Rentable Space
4,810 SF

Building Details

Type
 Multi-Family: Low-Rise
Number of Buildings
3
Number of Units
8
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.49 Acres
Land (SF)
21,344 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

Eight Unit Multifamily Investment

4,810 SF$1,293,000
Cap Rate: 4.75%

Flanagan Investment Real Estate is pleased to offer for sale an eight-unit multifamily investment located at 2307 New York Ave SW in Albuquerque, NM. The property is located in a desirable location near Old Town and the Sawmill District. It is within walking distance to El Vado and numerous other nearby amenities. This area has seen a large influx of capital with new projects and developments including hotels, the Sawmill Market and many others. The property is located in the heart of Albuquerque with high barriers to entry.

There are three buildings of approximately +/- 4,810 sq. ft. on about +/- 0.49 acres. The parcel is secured and is fully fenced with an automatic gate. Each unit has a private yard and some units even have garages. Each unit is individually metered for gas and electric and there is a master meter for water.

The property contains well maintained buildings and grounds. The investment features a desirable unit mix. The attributes listed above have led to high historical occupancy, it is currently 100% occupied.

Flanagan Investment Real Estate is pleased to offer for sale an eight-unit multifamily investment located at 2307 New York Ave SW in Albuquerque, NM. The property is located in a desirable location near Old Town and the Sawmill District. It is within walking distance to El Vado and numerous other nearby amenities. This area has seen a large influx of capital with new projects and developments including hotels, the Sawmill Market and many others. The property is located in the heart of Albuquerque with high barriers to entry.

There are three buildings of approximately +/- 4,810 sq. ft. on about +/- 0.49 acres. The parcel is secured and is fully fenced with an automatic gate. Each unit has a private yard and some units even have garages. Each unit is individually metered for gas and electric and there is a master meter for water.

The property contains well maintained buildings and grounds. The investment features a desirable unit mix. The attributes listed above have led to high historical occupancy, it is currently 100% occupied.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CARNM

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