A pair of
Transitional Style, 6 story plus lower level walk-up buildings, between
6th Avenue and MacDougal Street only a 1/2 block to Washington Square
Park in the heart of Greenwich Village. The buildings consist of 26
units with 15 one-bedroom and 11 two bedroom apartments. There are 6
rent stabilized apartments, which have an average rent of $969/month.
The average rent per SF for the building is $45/SF, which is almost half
of market. This is an excellent opportunity for an investor looking
for strong in-place cash flow and long term upside in the below market
rent stabilized rents. Massey Knakal is also selling on behalf of
ownership 285 West 12th Street and 121 West 92nd Street for $5,950,000
and $4,500,000 respectively.
Click here for listing details.
Neighborhoods: Greenwich Village