[EVG photo]
The corner buildings on Avenue B and East Sixth Street — aka home of Sunny & Annie's — is warmly being marketed as an "East Village Performing Investment."
Let's check out the listing, which arrived last week, via Halstead:
543.5 East 6th Street consists of two contiguous and inter-connected buildings at the corner of Avenue B and East 6th Street. The buildings comprise five residential apartments and two ground floor commercial units, all free market and all currently leased. The free market residential units are on annual leases and the commercial leases expire on 2020 and 2016.
Additionally, there are approximately 800 square feet of available air rights. Luxury triplex unit with deck and private roof, currently rented at $9,000.00/ month, would make an excellent owner occupied unit. Triplex and one bedroom units could be upgraded to increase rent roll. Roof replaced 1 year ago. New HVAC units in triplex. Triplex decks replaced one year ago. Great opportunity to own a performing asset, or as a live in opportunity with income.
The price: $8.95 million.
Here's a look at that triplex above Sunny & Annie's...
Interestingly enough, we wrote about these buildings six years ago to the date.
[In case you don't believe me]
At the time, the asking price was $4.8 million. (According to public record, the building last changed hands for $4.2 million in 2006 to a revocable trust.)
Meanwhile, Sunny & Annie's and the Woodhouse Spa (that name!) are the two retail tenants. It's not clear from the listing whose lease expires in 2016 ... and which one is up in 2020, per the listing.
Triplex images via Halstead
8 comments:
Oh my god...
They kick Sunny & Annie out and I'll riot.. Those two (and their daughter) are such sweet people. That's a daily stop for me for drinks and a moment of social time.
Is nothing sacred..
What is a triplex? Three floors above Sunny & Annie's? Looks like two to me, as in duplex.
I recall a few years ago this building looked like something our of Morocco (white and blue tiles on the facade). It still is strange looking with those tacky arched window openings and that "privacy" fence / wall. If I had the asking price I would not be asking to buy this property, they must be out of their minds.
Sunny & Annie CANNOT leave the neighborhood. I'm there 3 times a week and would lose my mind not having them on the corner. Going to give my leftover turkey club a hug when I get home.
Sunnie and Annies is amazing. And any landlord would be a moron to raise their rent a lot or kick them out... they make good business and are a neighborhood standby that can't be replicated.
Landlords don't care about the people the rent to or the surrounding neighborhood, they only care about making as much money as possible without doing more than what is legally required. The days of a family owed buildings is ending with the last remaining buildings being snatched up by the usual carpetbagger assholes which appear on this blog daily. If you can hold out long enough expect things to get more corporate, expensive foodie eateries, sports bars and neighbors that will never make eye contact with you never mind knowing your name. Sorry for the glum forecast but I see nothing happening to stop the gutting of the East Village by big money.
Sunny and Annie has a great following from the community though. IF they are forced out, they could open up somewhere nearby and wouldn't miss a beat
Sunny & Annie should buy the building!
Post a Comment