Thursday, May 19, 2011

356 E. Eighth St. back on the market

The building at 356 E. Eighth St. between Avenue C and Avenue D has been on the market a few times in recent years...



And the listing appeared again last Friday. It's now going for $3.75 million. Here are the details via Streeteasy:

AMAZING EAST VILLAGE TOWNHOUSE OPPORTUNITYPOSSIBLE OPTION TO CREATE A SINGLE FAMILY RESIDENCE, OWNERS RESIDENCE PLUS INCOME, OR INVESTMENT PROPERTY. This historic townhouse is located on a beautiful tree-lined street, just a block away from Tompkins Square Park in the chic East Village! With approx. 3000sf already built, and 6211sf in total potential use, this is the ultimate investment opportunity. The building consists of 4 fair market apartments and a basement level. The current rent-roll potential is $144,000, but with minor renovations to each unit could reach $164,000 (potential cap-rate over 4%). The building borders a huge and beautiful planted garden offering views from the building’s east side. The lot size is 18.5 X 97.5 and the building is 18.5 X 40 with the potential to extend at least 25 additional feet from the back of the building (the first floor has already been extended). First floor: Owner’s bi-level floor thru with private deck and garden. Second Floor: 2 bedroom floorthru with one bath paying $3000/mo. Third Floor: 1 bed with home office, wide plank floors, amazing garden views paying $2600/mo. Third Floor: 2 bedroom, great views paying $2825/mo. BUILDING CAN BE DELIVERED VACANT WITHIN 90 DAYS. The annual taxes are an exceptionally low $1,139! BE THE THIS BEAUTIFUL TOWNHOUSE’S FIRST OWNER IN ALMOST 30 YEARS



Previous listings didn't mention anything about being delivered "vacant" though.
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