Thursday, July 15, 2010

Own a Sixth Street apartment building; be a mean landlord

Oh, it has been some time since we looked into any real estate around here... This listing for a building on Sixth Street between Avenue B and Avenue C hit the market last market...



(Check out the Puma painting on the wall!)



Per the listing:

Investment opportunity! Raise below market rents to fair market value. A 20' wide x 50' long 4 story, 4,000sqft (approximately) 4 unit walk-up apartment building. The ground floor unit is live/work/store with a store front entrance and an entrance from the building. This unit has a beautiful 750 sqft south facing garden. The 2nd floor unit is a 2 bedroom, 1 bath with a 250 sqft south facing terrace. It has Southern, western and northern exposures. The 3rd floor unit is a 3 bedroom 1.5 bath home with southern, western, and northern exposures. The 4th floor unit is a 2 bedroom, 1 bath home with skylights, 3 exposures and a beautiful stair case. The building is fully renovated with new kitchens, baths, windows, floors, washer/dryers, etc. The gross yearly rent is approximately $164,000 a year. Tenants leases can be terminated with three months notice.





Price: $3.3 million

3 comments:

NYC taxi photo said...

jeez with that fancyness the residents should pool their money and buy the building, they'd wind up saving money in the long run, and not having an asshole for a landlord.

Goggla said...

Wow, I can't believe they led with that sentence.

Jill said...

This ad says "you too can be a scumbag landlord like me."