Wednesday, July 2, 2014

529 E. 13th St. is on the market



There's a new listing for this walk-up building between Avenue A and Avenue B.

Per Massey Knakal:

The building has 11 residential units of which 3 are Rent Stabilized and 8 are Free Market. The ground floor has 3 apartments. Floors 2 through 5 have 2 apartments per floor all of which are identical in size. The building has a new gas boiler (approximately 2 years old) and most of the Free Market apartments have been renovated recently ... The subject provides an opportunity for an investor to purchase a well maintained apartment building with remaining upside potential in an area that is quickly appreciating in value.

Asking price: $7.8 million.

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