252 East 33rd St

Excellent Investment Opportunity in Murray Hill/ Kips Bay...Located on tree-lined E 33rd Street between 2nd and 3rd Avenue, and one block from the NYU Medical Center this townhouse has terrific potential. Currently configured as a four (4) story townhouse with seven (7) residential apartments the property currently generates $156K/annum with annual expenses of $45K/annum. The building is built at an FAR of 2.45 and the maximum allowable FAR is 7.52 with a zoning of C1-8A/R-9A. There have been some initial plans drawn for a potential build-out to maximize the FAR, which would create a commercial extension in the rear to the full lot size of 17X74, and two additional residential stories. E-mail for a set-up or to schedule a viewing of the property.