Sold
183 Avenue B
New York City NY, 10009
$4,750,000
Sold
Townhomes
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
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 2/27/2024 at 6:47 PM UTC