OPPORTUNITY IS KNOCKING!
This is a PRIME OPPORTUNITY to capitalize on the low PSF prices available in New York right now! This PREMIERE site in the heart of Midtown offers 75' street frontage facing St. Varten's Park. The structure is comprised of two, 6-story, walk-up buildings comprised of 59 apartments and 1 double store (lease through 12/2012); the FAR is 6.02 and R-8 zoning offering in excess of 17,500 SF in additional air rights. The lot is 75' x 100' and built 75' x 84' (+ 27,500 SF). All building systems have recently been upgraded or replaced. The building make-up consist of: 19 two BR units, 29 one BR units and 11 studios. The building is 93% vacant (55 of the 59 units are vacant - one complete building) and ready to be TRANSFORMED!!! Seller will hold a 2nd mortgage.
Todd Buchanan
Lic. Assoc. R.E. Broker
Sr. Vice President
Halstead Property, LLC
(212) 381-4204
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Halstead. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million. Halstead represents the seller/owner on Halstead's own exclusives, except if another agent of Halstead represents the buyer/tenant, in which case Halstead will be a dual agent with designated agents representing seller/owner and buyer/tenant. Halstead represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Halstead treats all parties fairly and honestly. Halstead actively supports equal housing opportunities.
* - represents current apartment configuration, which may not conform to official legal documentation. Purchasers should consult with professionals to determine legal use parameters.
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