The 6-story walkup between First Avenue and Avenue A is now on the market.
Here's the description via Cushman & Wakefield:
The 7,740 square foot building benefits from 30’ of frontage and recently received a full gut renovation of all but one apartment. Of the 16 residential units, there is a mix of one-bedroom and two-bedroom units which consist of 15 Free Market and 1 is Rent Stabilized unit. In addition to the common areas being fully gut renovated, the Free Market apartments have experienced substantial renovations which include Carrara marble countertops, brand new stainless steel appliances including a dishwasher and microwave, luxury bathrooms with carefully curated mosaic tile work, Bosch washer & dryer units, recessed lighting, exposed brick, espresso cabinets, ebony hardwood floors, and crown/baseboard moldings. The building is currently generating an annual gross income of $690,000 with a net operating income of $477,000.
And the neighborhood?
Located in the heart of the East Village, 402 East 12th Street benefits from a wide array of the city’s best shopping, dining and nightlife options. The area continues to attract local and global visitors on a daily basis due to its dynamic culture and convenient access throughout Manhattan and Brooklyn via countless subway lines and buses.
Public records show that Icon Realty bought the building in 2013 for $4.65 million. The current asking price is $11.3 million. (Perhaps that Jerkface mural on the east-facing wall helped up the property value.)