The subject East Village property is a 5-story, walk-up apartment building totaling 9,920 square feet. The property has eighteen (18) residential units. Of the eighteen (18) residential units, seven (7) are free market, eleven (11) are rent stabilized.
The rent stabilized apartments are renting for approximately $39/NSF or 44% of market. All of the free market apartments have been gut renovated featuring new hardwood floors, stainless steel appliances and granite countertops.
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Neighborhoods: East Village