The Reel

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The property is a five-story, walk-up apartment building which consists of fifteen (15) residential units and one (1) lower level storage space with a half bathroom. The residential units are configured as five (5) one-bedrooms and ten (10) two-bedroom apartments. Fourteen (14) of the apartments are rent stabilized and one (1) apartment is rent controlled.

There is significant upside in the property, as half of the units are currently rented for under $1,300 per month. There is also a J51 abatement in place on the property.

Click here for listing details.

Neighborhoods: Greenwich Village