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