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Massey Knakal Realty Services has been retained on an exclusive basis to sell an apartment building at 529 East 13th Street. The property is located between Avenues A and B in Manhattan’s East Village. The asking price is $7,800,000.

The five-story walk-up contains approximately 10,500 square feet and sits on a 25’ x 103.25’ lot. It consists of 11 residential units of which three are rent stabilized and eight are free market. The ground floor has three apartments and floors two through five have two apartment per floor, all of which are identical in size. The ground floor is built approximately 100’ deep, while floors two through five are built 80’ deep. The building features a new gas boiler and most of the free market apartments have been recently renovated.

The subject property provides an excellent opportunity for an investor to purchase a well-maintained apartment building with remaining upside potential in an area that is quickly appreciating in value.

“With strong in-place cash flow, and plenty of upside, this is a great opportunity to buy in the East Village, just a few blocks from Union Square,” said Massey Knakal’s Guthrie Garvin, who is exclusively marketing this property with Michael DeCheser.

Click here for listing details

Neighborhoods: East Village/ Agents: Michael DeCheser