Description
A. Keep the in-place income and lease up the remaining
units (current ownership has intentionally left vacancies in
preparation for a sale) for a solid rate of return in already renovated
buildings;
B. Combine each floor into floor-through luxury units
that would rent or sell at a premium upon converting to
condominiums or single-families;
C. Install an elevator in between the contiguous buildings
and create a 50' or 75' masterpiece in a highly-desired part
of Manhattan where condominium and single-family sales
range upwards of $2,500 / SF for 25' wide brownstones.
This is a truly remarkable opportunity to own a part of old NYC
that is only a few blocks from the new second avenue subway
line. Please reach out to request the DHCRs, a Pro Forma, or for any other
questions. Ownership would prefer to sell as a portfolio but will
consider all offers.
Building Features 5 Floors12 Units
Unit Features
$----
20 Beds / 24 Baths - / 34,760 ft²
Total Monthly expenses: -
Maintenance: - / R.E. Taxes $12,884
Exclusively listed with: Compass
Nathan
Horne
nathan.horne@compass.com
(706) 255-5657
Geoffrey
Pantone
gpantone@compass.com
(347) 268-2093
Unit listing history
Date | Status | Amount | Listed by | Owner Name | ||
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