183 Avenue B, New York City NY, 10009

Sold

183 Avenue B

New York City NY, 10009

$4,750,000

Sold

Town House

Built in 1910

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%

CORC-3852248

MLSⓇ ID

February 27, 2024

Updated

Map

183 Avenue B
New York City NY, 10009

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Architectual Style: Prewar

Other Property Details

Garage: No
View: No
County: NewYork
Pool: No

Listed by Greg Mire with The Corcoran Group
Listing Contact: (212) 444-7829

The IDX display contains information sourced from the Real Estate Board of New York as of 2/27/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 2/27/2024 at 6:47 PM UTC