Wednesday, April 20, 2011

Another building for 'single family conversion' — with air rights!

607 E. Sixth St. near First Avenue is the most recent East Village property to appear on the market. Here's the Massey Knakal listing:

A 21‘ 5” wide, 5 story multifamily walk-up apartment building. The building is approximately 5,061 sq. ft. and is currently configured with 5 apartments. The property also benefits from additional unused air rights, southern light, some original detail, and a large 37’ deep garden. As the units are all free market, making the building great single family conversion or live plus invest opportunity.

The price: $3.5 million.

And this is just the latest building to hit the market with both air rights and single-family aspirations.... such as this one on Avenue D ... this one on Avenue B ... or this one on Seventh Street ...


Ken from Ken's Kitchen said...

On the bright side. If the conversion happens, the neighbors will only have to endure one uber-entitled family and their staff, instead of five market-rate apartments full of uber-entitled 24 Hour Party People.

glamma said...

that's a pretty big backyard