The six-story walk-up located on the south side of East Sixth Street between First Avenue and Second Avenue is now on the market.
Here's the listing viaCushman & Wakefield:
The building consists of 12 residential units, of which 9 are vacant and 3 are rent-stabilized. There is upside in potentially adding an addition using the 2,950 SF of air rights, increasing the below market rents, and bringing the building to 100% occupancy. The property is located within two blocks of neighborhood hot spots such as Tompkins Square Park, Upstate, The Eddy, and Mayahuel.
In addition, the building is within walking distance to the 2nd Avenue F train stop and the Astor Place 6 train stop. This is a rare opportunity to acquire a prime multi-family asset with substantial upside in the heart of the East Village.
Price: $8 million
Image via Cushman & Wakefield