Apartment Building

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Apartment Building

A structure with several apartments in it. The apartments share a hallway or exterior walkway, though they are not otherwise connected to each other. Investors may purchase an apartment building to collect the rental income from tenants.

apartment (building)

A building with multiple residential tenants.
References in periodicals archive ?
* Barry Swartz arranged for permanent financing in the amount of $3,900,000 for a 4 story apartment building with 3 units and 1 store on Bleecker Street in Manhattan.
A permit has been issued for a $4.7-million, 40-unit senior citizens apartment building.
* $5,625,000 combined financing for a four-story apartment building containing 5 units and 2,200 square feet of commercial space and a five-story apartment building containing 30 units, located on the Upper East Side and Midtown Center neighborhoods of New York.
* $1,100,000 for a five-story walk-up apartment building containing 20 units, located on East 74th Street in Manhattan, New York.
* $1,395,000 for a five-story walk-up apartment building containing 26 apartments, located on St.
* A $2,900,000 permanent financing was negotiated by Barry Swartz for a five-story walk up apartment building on Tenth Avenue in New York City.
* $5,250,000 for a five-story elevator apartment building, located on East 78th Street in Manhattan, New York.
* A new mortgage for $3,500,000 on a 90-unit, 6-story elevator apartment building on Grand Concourse in the Bronx.
* Cap rates for walk-up apartment buildings remained at or near record lows, ranging from a low of 4.6% in Manhattan (south of 96th Street) to a high of 7.9% in the Bronx.
* A permanent mortgage in the amount of $12,100,000 was arranged by Barry Swartz for a fourteen story apartment building in the West 40's of New York City.
* A new mortgage for $1,750,000 on an 11-unit, 5-story walk-up apartment building on West 77th Street in New York, NY.
* $6,500,000 for a five-story walk-up apartment building containing 99 units with 3 stores, located on West 147th Street in Manhattan, New York.

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