1026 18TH ST NE

ISO of Multi-Family/Condo developer to purchase Trinidad Investment opportunity. This semi-detached rowhome has the option to be turned into 4 units by right based on its zoning. Check disclosures for the yield study that the seller had done by his architects to develop the building into a multi-unit with four 2-BR/1-BA condos. Below are some numbers that will be helpful for analysis. The Floor Area Ratio for RA-2 By Right (includes cellar/penthouse/building) is 2.456 The Lot Area is 1634 The Gross Construction Area (GCA) by Right is 4,013 The Net Rentable Area is 3,247 Based on the square footage of each unit per the drawings below (yield study), at an estimated sales price based on $550/sf, the sales price for units would be as follows: Unit 1 (884 sf): $486,000 Unit 2 (819 sf): $445,500 Unit 3 (744 sf): $410,000 Unit 4 (800 sf): $440,000