Tuesday, November 17, 2009

Own most of East 13th Street for about $48 million

You know those omnipresent "apartment for rent/open house/never a fee" signs on 13th Street between Avenue A and First Avenue?



Yeah, well, all those buildings are now for sale.



Here's part of the description for 416-418 E. 13th St.:

The roof has been updated and most of the free market apartments are newly renovated. With only 1 rent controlled tenant and 2 rent stabilized tenants in the building, the balance of the units are free market making this property an excellent investment opportunity with no vacancy and a tremendous income stream.

2 comments:

Anonymous said...

Billy is a scammer. I went to one of those "open houses" with a roommate only to be told there weren't any apartments available in that building. Then we were taken to another building on First Avenue and 12th Street where we were shown an apartment. The guy puts up the sign on the nice building to lure people. I can't believe he has gotten away with it for so long.

James said...

I hope whoever buy the building send Billy packing