467 Keap St

Ten-story mixed-use elevator building built in 2009 featuring 29 residential lofts with 20' ceilings, all fully occupied including 6 affordable units, plus an 8,300 SF commercial unit with elevator access, half of which was recently leased for $14,000 per month to a high-end gym; the property includes three levels of parking with 60 spots generating monthly income, potential to add an additional 6,985 SF of parking on the second-floor roof, cellar storage, and a loading dock, with a 421a tax exemption in place through July 2038; the building measures 77,664 SF on a 96.08' x 183.33' lot, has a legal residential rent roll of $1,401,975 per year, current gross annual income of $2,158,235, current net annual income of approximately $1,863,163, projected total gross income of approximately $2,352,375 upon full commercial lease-up, and an actual cap rate of 7.76%.