PRIME INVESTMENT OPPORTUNITY (1490586) | Halstead Property

A 50'' wide 30 unit six story mixed use walkup apartment building. The property has two stores on the ground floor and 30 apartments above. Out of the 30 units five are rent controlled and twenty five are rent stabilized with one to two year leases. The units are individually metered, the tenants pay their own electric and cooking gas. The property is a prime investment or development opportunity, because there is upside in the rents stabilized and rent controlled apartments. Each of the units have great sizes and would make a nice condo conversion or turned into decontrolled rental property.

Kervin Vales, VP
Halstead Property, LLC
(212) 396-8244
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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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