49.17' wide,
6 story, approximately 15,000 square foot walk-up apartment building.
The building consists of 29 units (of which 20 are one-bedrooms 8 are
two-bedrooms, and 1 is a three-bedroom) plus a super’s unit in the
basement. The average residential rents are $1,561/month or $44/nsf,
which is substantially under market by 50%. The building has 5 rent
stabilized units, 5 rent controlled units,18 free market units, and 1
vacant unit. The building also has 2 small retail spaces. This is an
excellent opportunity for an investor who is looking for strong-in place
cash flow with long-term upside in the below market rents.
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Neighborhoods: Greenwich Village