Thursday, July 15, 2010

Own a Sixth Street apartment building; be a mean landlord

Oh, it has been some time since we looked into any real estate around here... This listing for a building on Sixth Street between Avenue B and Avenue C hit the market last market...



(Check out the Puma painting on the wall!)



Per the listing:

Investment opportunity! Raise below market rents to fair market value. A 20' wide x 50' long 4 story, 4,000sqft (approximately) 4 unit walk-up apartment building. The ground floor unit is live/work/store with a store front entrance and an entrance from the building. This unit has a beautiful 750 sqft south facing garden. The 2nd floor unit is a 2 bedroom, 1 bath with a 250 sqft south facing terrace. It has Southern, western and northern exposures. The 3rd floor unit is a 3 bedroom 1.5 bath home with southern, western, and northern exposures. The 4th floor unit is a 2 bedroom, 1 bath home with skylights, 3 exposures and a beautiful stair case. The building is fully renovated with new kitchens, baths, windows, floors, washer/dryers, etc. The gross yearly rent is approximately $164,000 a year. Tenants leases can be terminated with three months notice.





Price: $3.3 million

3 comments:

  1. jeez with that fancyness the residents should pool their money and buy the building, they'd wind up saving money in the long run, and not having an asshole for a landlord.

    ReplyDelete
  2. Wow, I can't believe they led with that sentence.

    ReplyDelete
  3. This ad says "you too can be a scumbag landlord like me."

    ReplyDelete

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