Investment Overview

The Ground Lease for the apartments located at 150 & 160 Theodore Fremd Ave and 125 Central Ave, Rye NY is comprised 103 units (39-one bedrooms, 35-two bedrooms, 20-three bedrooms, 6-four bedrooms, and 3 offices) totaling 126,325 rentable square feet in eight brick buildings built in 1958. Situated on a 6.51 acre site, there are 41 rentable garages, 43 rentable climate controlled self-storage units, off-street parking, two playgrounds, and laundry facilities in each building. The Ground Lease has 47 years remaining on it with an expiration date of September 30, 2065. The annual rent payment to the ground owner is located under "Others".


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INSTRUCTIONS FOR VIEWING:

First drive by the Property and view the exterior. DO NOT speak to the Owner, Owner's representative or Owner's tenants without a UMF Associate present. Especially in the event they are present during your initial drive by. If you are interested in the property after your initial drive by please contact the UMF listing associate to schedule an appointment.

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price,rental or other conditions, prior to sale or lease, or withdrawal without notice. United Multi Family makes no warranty or representation about the content of this brochure. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property.