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...