NYC Commercial Properties: Lower East Side Commercial Property for Sale

 

1031 exchange opportunity for investors

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Description

A great opportunity to own a piece of "Bedrock" located downtown Manhattan, in the Lower East Side. The building has been fully upgraded with (All-New Main Systems, Electrical, Water and Sewage Main, and frontage sidewalk.) You can conserve the money saved for renovation to set up a future reserve fund. Gross Rental Income is $554,261.76 a year. The building has (20) units which; all consist of One (1) Bedrooms. The building has four (4) units paying below-market rent. One (1) of the four (4) units is Rent-Controlled by an octogenarian. The tax advantages and strong real estate market, to park your money. You will always put your money in the Big Apple and rest assure you would reap the benefits. The monthly rental starts as low as $788.80 up to $2700. The units are all in Excellent condition. The price is negotiable.




Amenities

  • Subway
 

Essentials

ID #: 1740
Price: $12,500,000
 
Location: 605 East 11th Street
Cross Street : Avenue B between Avenue C
Property Type: Building
Availability: Immediately
Pet Policy: Unknown
 

Amenities

  • Subway
 
 
 

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Contact Agent

Wayne Cooke
Wayne Cooke
Listing Manager
[email protected]
P: 9177365617
C: 9176531904
 
 
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