Description
Rare investment opportunityfor this 22 units mixed use building in Lower East Side with 6% cap rate. Total of 18 two-bedrooms residential units and 4 storeunits total of 22 units (C4-4A Zoning). All 4 stores are vacant and 1 two-bedrooms unit will be delivered, remaining 17 two-bedrooms units with leases. New flat roof and exteriorwall refreshed within 2 years. Hot water heater was replacedwithin 2 years. High annual rental income of $340,000 and consistently generated substantial profits. Price aggressivelyfor today's market.
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0BEDS
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0.06ACRES
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0BATHS
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01/2 BATHS
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9,618SQFT
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$351$/SQFT
School Ratings & Info
Description
Rare investment opportunityfor this 22 units mixed use building in Lower East Side with 6% cap rate. Total of 18 two-bedrooms residential units and 4 storeunits total of 22 units (C4-4A Zoning). All 4 stores are vacant and 1 two-bedrooms unit will be delivered, remaining 17 two-bedrooms units with leases. New flat roof and exteriorwall refreshed within 2 years. Hot water heater was replacedwithin 2 years. High annual rental income of $340,000 and consistently generated substantial profits. Price aggressivelyfor today's market.
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