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The subject property is a 52' wide, 7-story plus basement, approximately 21,904 gross square foot apartment building with an elevator located in the Union Square / East Village neighborhoods. The property, situated on the north side of East 14th Street between Second and Third Avenues, contains 17 lower income housing units and 1 store. The building, erected in 1988 as part of NYC's Inclusionary Lower Income Housing Plan created 3,915 SF of retail space on the ground floor and 18,019 SF of residential floor area on floors 2 through 7. The retail store was recently leased for 10 years with one 5-year option to IHOP Restaurant for $45,833 per month or about $140/SF.

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Neighborhoods: East Village/ Agents: John Ciraulo