Monday, February 25, 2013

'Endless possibilities' await you at 650 E. Sixth St., now for sale



There's a new listing for this townhouse at 650 E. Sixth Street, just west of Avenue C. Here's the listing via Douglas Elliman:

Endless possibilities await a discerning East Village buyer to invest, live or work in this townhouse gem. Opportunity for expansion and/or conversion with an additional approximate 3,620 sqft unused buildable sqft (air rights). On the 97' lot, this 20' wide and 48' deep townhouse is currently configured as 4 free-market floor-through rental apartments totaling approximately 4000+ gross sqft. In addition, the building has an unfinished basement, beautiful 700+ sqft south facing garden and additional 200+ sqft sun deck.

Hallways are in great condition and a new boiler is being changed from oil to more efficient and affordable gas. All apartments have renovated baths and kitchens with dishwashers, washer/dryers, central air conditioning and hardwood floors. The gross rental income from the property is currently $165,600 per year, well below market value. There are no controls and the property could be delivered vacant or with tenants in place to negotiate a new lease.

The opportunities are endless to make this townhouse your new home or a wonderful investment for your future!

Price: $2.75 million. Photos that follow are of the top floor apartment.







In the grand scheme of things, $2.75 million doesn't seem like that much for this, huh? Anyway, by the time you finish this post, Jared Kushner will have purchased it...

5 comments:

Jill W. said...

Just west of Ave C...unfinished basement? I wonder how this building fared during Hurricane Sandy? New boiler is probably the new code language for everything-got-totaled-during-flood.

Anonymous said...

Ooooh, I'd love that kitchen... Cooking on a tiny Ikea kitchen cart gets hard after a few years...

Anonymous said...

2nd on that kitchen. Now where did I leave that 3 million hard currency I had?

~evilsugar25 said...

Yep. This was flood city. I live up the block, closer to B.

Anonymous said...

Love how brokers call any old walk up railroad apartment building a "townhouse."