- 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
575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2017 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. CalBRE# 01947727