The Reel

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A 25' wide, 6 story including lower level, mixed-use apartment building. The building is approximately 7,200 SF with a store, a lower level theater, and 9 apartments. The C of O calls for use group 9 for a theatrical studio up to 49 people. The residential rents currently average $1,700/month, which is about 20% below current market levels providing great upside. With the exception of one RS unit, all apartments are FM, making it possible to improve unites and increase rents in the short term. The theater is on a month to month lease, so this could be a prime investor or user opportunity.

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Neighborhoods: East Village