- New Developments
650 East 6th Street - East Village, New York
Endless possibilities await a discerning East Village buyer to invest, live or work in this townhouse gem. Opportunity for expansion and/or conversion with an additional approximate 3,620 sqft unused buildable sqft (air rights). On the 97' lot, this 20' wide and 48' deep townhouse is currently configured as 4 free-market floor-through rental apartments totaling approximately 4000+ gross sqft. In addition, the building has an unfinished basement, beautiful 700+ sqft south facing garden and additional 200+ sqft sun deck. Photos are of the Top Floor apartment.
Hallways are in great condition, new roof in 2005 and a new gas boiler installed December of 2012. All apartments have renovated baths and kitchens with dishwashers, washer/dryers (except 3rd Floor), central air conditioning (on 1st and 4th Floors) and hardwood floors. The gross rental income from the property is currently $165,600 per year, well below market value. There are no controls and the property could be delivered vacant or with tenants in place to negotiate a new lease.
The opportunities are endless to make this townhouse your new home or a wonderful investment for your future!
This listing courtesy of Douglas Elliman
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