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183 Avenue B

East 11th Street and East 12th Street
Townhouse
$4,750,000

This property has been sold

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Subway Lines
Subway number L
Nearby Subway Stations
Subway number L 1st Ave - 14th St
Essentials
Price $4,750,000
Type Townhouse
Units 7
Floors 4
Bathrooms 7
Rooms 10
Approx. Sq. Ft. 3,718
Key Features
Guarantors Allowed
Garden
Cable Ready
High-Speed Internet

Acquire a classic East Village, mixed-use building, with unbelievably low taxes of $4029 annually. The building features six income producing studio apartments over a vacant retail store ready for immediate occupancy, a large garden, and substantial build-able air rights. The residential portion is fully occupied, providing income from day one, with all tenants on one-year 'free-market' leases. The retail component is in the heart of the East Village and a short walk from densely populated Stuyvesant town. For a user it's exceptional - the store will be delivered vacant, allowing for immediate operation. 183 Avenue B has the potential to be almost doubled in size with 3400 SF of additional build-able air rights and no landmark restrictions, making it an ideal live/work opportunity. Gut renovated four years ago, this is a clean, solid investment asset, with room to grow.

Financials: Income: $199,500 • Expenses: $22,994 • NOI: $176,506 • Cap Rate: 3.7%

Agent
East Village
Living in East Village
When you set foot in the East Village, you follow in the footsteps of many famous Bohemians and artists of the 20th century. Though the passage of time has seen the character of the neighborhood change a little, it still retains the style of a creative enclave.
Explore East Village

This home has been sold

183 Avenue B
East 11th Street and East 12th Street
Townhouse
Essentials
Price $4,750,000
Type Townhouse
Units 7
Floors 4
Bathrooms 7
Rooms 10
Approx. Sq. Ft. 3,718

Acquire a classic East Village, mixed-use building, with unbelievably low taxes of $4029 annually. The building features six income producing studio apartments over a vacant retail store ready for immediate occupancy, a large garden, and substantial build-able air rights. The residential portion is fully occupied, providing income from day one, with all tenants on one-year 'free-market' leases. The retail component is in the heart of the East Village and a short walk from densely populated Stuyvesant town. For a user it's exceptional - the store will be delivered vacant, allowing for immediate operation. 183 Avenue B has the potential to be almost doubled in size with 3400 SF of additional build-able air rights and no landmark restrictions, making it an ideal live/work opportunity. Gut renovated four years ago, this is a clean, solid investment asset, with room to grow.

Financials: Income: $199,500 • Expenses: $22,994 • NOI: $176,506 • Cap Rate: 3.7%

Guarantors Allowed
Garden
Cable Ready
High-Speed Internet
East Village
Living in East Village
When you set foot in the East Village, you follow in the footsteps of many famous Bohemians and artists of the 20th century. Though the passage of time has seen the character of the neighborhood change a little, it still retains the style of a creative enclave.
Explore East Village
Subway Lines
Subway number L
Nearby Subway Stations
Subway number L 1st Ave - 14th St