308 WEST 103rd STREET, New York, NY 10025

This coop building, located at 308 WEST 103rd STREET, offers a unique opportunity with a bulk sale of 15 sponsor co-op units. The new owner will retain all sponsor privileges and no board approval is required. The building features a mix of studios, one-bedroom, and two-bedroom units.

One of the highlights of this building is its proximity to Riverside Park, a pet friendly four-level park that offers a variety of recreational activities such as tennis courts, baseball fields, and soccer. The park extends all the way to Battery Park City in the south and reaches up to the beautiful natural environment around the Cloisters in the north. The park is easily accessible and provides a rejuvenating experience for residents.

The location of the building also offers convenient access to public transportation, with the 1 train just one block away and the B and C trains not far either. The building is nestled in an active commercial community, with popular restaurants, convenience stores, dry cleaners, nail salons, hardware stores, and a bakery all within walking distance.

The building amenities include a live-in super, part-time doorman, renovated lobby, hallways, and a new laundry room. The building is wheelchair accessible with two elevators and a mail room. Pets are allowed and parents can buy for their children. Pied-a-terres are also permitted on a case-by-case basis.

With a bulk sale discount of 15% and a 3.0 cap rate, this coop building presents a unique investment opportunity. All apartments in the building are currently rented on a month-to-month basis at below market rents, offering potential for rent increases in the future. Maintenance for all units combined is $14,669 per month.

Overall, 308 WEST 103 STREET offers a desirable location, convenient amenities, and investment potential.