1120 East New York Street

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1120 East New York Street

Indianapolis, IN 46202
Asking Price
$365K
Asset Type
Residential Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Project site located at 1120 East New York Street in Indianapolis.
  • Development plans approved for five total residential townhome units.
  • Property features visible sightlines directed toward the downtown Indianapolis skyline.
  • Retail and residential land asset offered at three hundred sixty-five thousand.
  • Located within a growing urban market near major city employment centers.

What's Special

Residential development of five townhome units is fully approved at 1120 East New York Street in Indianapolis. This retail and residential site occupies a strategic position near the city center, offering clear views of the downtown skyline. Investors and developers can capitalize on the established project plans to deliver modern housing options within this growing urban corridor. Indianapolis maintains a robust economic environment supported by a diverse base of employers and consistent population growth in the metro area. Proximity to downtown facilitates easy access to major employment hubs, dining, and cultural venues throughout the city. The site provides a straightforward path for those seeking to expand their residential footprint in a high-demand market. This asset represents a functional opportunity for developers aiming to provide high-quality urban living arrangements while contributing to the ongoing revitalization of the immediate submarket.

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NOI
$80,000
Cap Rate
21.92%
DSCR
3.69
Strong
Cash-on-Cash
53.27%
Monthly Payment
$1,805.821
Annual Cash Flow
$58,330.15

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