The building between 11th Street and 12th Street just arrived on the market.
Here's the listing via Corcoran:
Acquire a classic East Village, mixed-use building, with unbelievably low taxes of $4029 annually. The building features six income producing studio apartments over a vacant retail store ready for immediate occupancy, a large garden, and substantial build-able air rights. The residential portion is fully occupied, providing income from day one, with all tenants on one-year 'free-market' leases.
The retail component is in the heart of the East Village and a short walk from densely populated Stuyvesant town. For a user it's exceptional — the store will be delivered vacant, allowing for immediate operation. 183 Avenue B has the potential to be almost doubled in size with 3400 SF of additional build-able air rights and no landmark restrictions, making it an ideal live/work opportunity. Gut renovated four years ago, this is a clean, solid investment asset, with room to grow.
The asking price: $4.750 million.
Several years back, there were reports of damage to No. 183 during the never-ending construction next door of the luxury rentals known as The Hub.