Showing posts with label 347 E. Fifth St.. Show all posts
Showing posts with label 347 E. Fifth St.. Show all posts

Thursday, September 7, 2017

About this sponsor unit for sale on 1st Avenue

There's a sponsor unit for sale at 347 E. Fifth St., the walk-up building at First Avenue that also houses Three of Cups on the ground floor.

I don't recall coming across too many listings such as this one on Streeteasy:

Investors only: rent-controlled tenant in place.

This sponsor unit is being sold at a tremendous discount to its market value.

Currently configured as a railroad two bedroom, it can easily be re-configured into a split two bedroom.

This unit features a separate eat-in kitchen area, 9 windows throughout including in the bathroom, and great natural light. Subletting and pets are allowed.

Current tenant paying $90 per month

Not a typo: $90.

As for the address, the 25-year-old Three of Cups recently signed a new lease through 2027.