New York | Turtle Bay

220 East 49th Street

SPECIFICATIONS
Price
$4,100,000
Stories
5
Appx. SqFt
7,000
Rooms
33
Bedrooms
9
Bathrooms
10
Annual Taxes
$83,556
LOCATION
Third Ave. & Second Ave.
KEY FEATURES

This ten-unit, five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of three rent-stabilized and seven free-market units. This opportunity is unique in that it can be utilized as a live plus income investment or be held as a cash-flowing asset. A potential user/investor has the ability to occupy and/or combine the entire first floor for personal use, which features a private, 525 square foot south-facing garden. Furthermore, the three stabilized units are rented at approximately 65% of fair market value, providing future upside for an investor.

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