There's a new listing for 629 E. Fifth St., a building on the north side of the cul-de-sac between Avenue B and Avenue C.
Per Massey Knakal:
The building consists of approximately 18,550+/- gross square feet. There are 24 residential units, all of which are Free Market. Of the 24 apartments, 13 are month-to-month, 6 expire at the end of April, 3 are currently vacant and 2 expire between May and July. The rents are performing at less than 75% of market and considering the building is fully deregulated, an investor could quickly bring the units up to market rents as the leases expire. Therefore, a gross annual income of around $930,000 could be achieved in a relatively short period.
And that price: $12.5 million.