The 6-story building between East 12th Street and East 13th Street is new to the market.
Here's part of the listing via Cushman & Wakefield:
The building consists of a ground floor retail unit, 17 free-market apartments and three rent stabilized apartments. A majority of the units are two-bedrooms and multiple apartment lines have the ability to be converted into three-bedrooms apartments. The average in-place rent is approximately $58 per square foot which is well below market.
The retail unit is currently leased to No Relation Vintage, which has a lease until March 2017. The building features recently renovated common areas, a new boiler, and new electrical systems. This is a rare opportunity to acquire a prime East Village asset with upside potential and over 39’ of frontage on 1st Avenue.
Price: $21.5 million.
Image via Cushman & Wakefield
Updated at noon with correct address.
Also, we posted about the building being for sale in 2013. At the time the asking price was $13 million./