Canal StreetLower East Side, NYC / $9,750,000
PRIME INVESTMENT/USER OPPORTUNITY
A 44' wide five story mixed use building. The building has two stores on the ground floor, two offices on the second floor, the third and fourth floors each have two one bedroom apartments. The fifth floor is a floor through three bedroom apartment. The apartments have 9' ceilings, with lots of sunlight coming to the front and rear of the building. Each unit is individually metered. The tenants pay their own electric and gas for cooking. The apartments are free market, because the building has less than six units. This is a prime investment/user opportunity because the units are free market with short term leases. An investor can renovate the apartments and charge more rents for them. A user can occupy one or two floors and duplex the top floor with the available air rights. The property is located in an area that is under lots of development.