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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 5 other sale listings
      Corcoran

      East Village

      East Village

      Downtown on the East Side, from Houston to 14th Street and from the Bowery and Third Avenue to the East River.

      Whether it’s the mushrooming of contemporary new condos or the reclamation of beloved parks, few neighborhoods have changed so greatly over the past couple of decades as the East Village. The growth of New York University to the West has helped drive the East Village’s renaissance, so that old-fashioned retail is integrated with trendy, luxury shops. Much of the East Village housing stock is tenement-style walkups with co-ops for sale or rentals that make great shares, but some offer hidden delights like roof decks and garden access to their residents. If it’s an elevator and a Bulthaup kitchen you’re seeking, head over near Avenue B to check out the jazzy new condo developments.

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      • Pharmacies (10)
      • Restaurants (10)
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      • Public Schools (10)
      • Retail Shops and Markets (10)
      • Spas - Beauty (10)
      • Water Activities (5)
      • Public Schools (10)
      • Art and Museums (10)
      • Banks (10)
      • Bars - Clubs (10)
      • Beverages (10)
      • Clothing and Accessories (10)
      • Dance and Theater (10)
      • Grocery Stores and Markets (10)
      • Health Clubs and Spas (10)
      • Home and Garden (10)
      • Laundries - Cleaners (10)
      • Movie Theaters (6)
      • Pharmacies (10)
      • Restaurants (10)
      • Pet Services (9)
      • Retail Shops and Markets (10)
      • Spas - Beauty (10)
      • Water Activities (5)

      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 5 other sale listings

      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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