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183 Avenue B

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

This property has been sold

We have 19 other commercial properties for sale.  See Results

  • Townhouse  
    7 Bathrooms
Subway Lines
Subway number L Subway number L
Nearby Subway Stations
  • Subway number L

    1st Ave - 14th St

    7 mins

Essentials

  • Price$4,750,000
  • TypeTownhouse
  • Units7
  • Floors4
  • Bathrooms7
  • Rooms10
  • 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%

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Guarantors allowed, Garden, Cable ready, High-speed internet TCG.DataAccess.Shared.Feature, TCG.DataAccess.Shared.Feature, TCG.DataAccess.Shared.Feature, TCG.DataAccess.Shared.Feature
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

Agent  Ask me a question

Peter Comitini
Peter Comitini Licensed Associate RE Broker p (212) 444-7844 m (917) 439-3856 pcc@corcoran.com Email Me See my 1 other sale listing
Corcoran

East Village

East Village

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183 Avenue B

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

This property has been sold

We have 19 other commercial properties for sale.  See Results

  • Townhouse  
    7 Bathrooms
Subway Lines
Subway number L Subway number L
Nearby Subway Stations
  • Subway number L

    1st Ave - 14th St

    7 mins
map

Overview

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  Ask me a question

Peter Comitini Licensed Associate RE Broker p (212) 444-7844 m (917) 439-3856 pcc@corcoran.com Email Me See my 1 other sale listing

Essentials

  • Price$4,750,000
  • TypeTownhouse
  • Units7
  • Floors4
  • Bathrooms7
  • Rooms10
  • Approx. Sq. Ft.3,718

Key Features

  • Guarantors allowed
  • Garden
  • Cable ready
  • High-speed internet

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer. Equal Housing Opportunity. The Corcoran Group is a licensed real estate broker. Owned and operated by NRT LLC.

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