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29629593
23518617

Ave C, New York, NY 10009

IB
NY 31be1035761, NJ 1969636 (+2)
Connected Realty Group
Listed by Connected Realty Group
$3,750,000
386 days on market
Updated 7 days ago

East Village NYC

Details
Property Type Mixed Use
Sub Type Retail,apartments
Square Footage 5,725
Units 7
Cap Rate 5.00%
NOI $190,000
Tenancy Multi
Price per SqFt $760
Broker Co-Op No
Class B
Buildings 1
Stories 4
Investment Type Owner/User

East Village mixed use 6 units plus a retail store

Marketing description

Off-market opportunity. Principals only, no brokers.

The ownership engaged CRG to dispose of the subject East Village mixed-use building.

This is a perfect opportunity for investors and/or owner-users who want to acquire a prime East Village location (east of Avenue B), operate their retail businesses, and earn income from six apartment rentals. This building is a 2B tax class rent-stabilized building with R8A zoning. Based on the given zoning, the property may have 2-4 floors of air rights; you will have to check with your architect and zoning team.

The commercial restaurant tenant has been there for many years and is month-to-month, and they are paying approximately $7350 per month. 6 units on the top range from the lowest $1900 per month to the highest $2750 per month. 2 beds/1 bath units.

Serious, capable inquiries only, please.

If you are interested, please email or call or text me directly. We also have other off-market opportunities.

Email: Crgproperties1@gmail.com

Phone: 917 957 6174

Thank you.

CRG

Listing Contacts

IB
NY 31be1035761, NJ 1969636 (+2)
Connected Realty Group
Listed by Connected Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,000.00
$15,833.33/mo

Valuation Metrics

0
DSCR
5.07%
Cap Rate
5.07%
ROI

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Additional Information

Name
Ilan Benshoshan
License
31be1035761
Brokerage
Connected Realty Group
Brokerage Phone
347.433.5473
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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