224 Avenue B - Apartments FOR SALE


New York, NY 10009- Gramercy Park
$15,500,000 USD
646-933-2608
224 Avenue B, New York, NY for Sale
$15,500,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

224 Avenue B
New York, NY 10009
Gramercy Park


HIGHLIGHTS

  • 26 residential and 2 retail ground floor units

OVERVIEW

B6 Real Estate Advisors has been retained on an exclusive basis to arrange for the sale of 224 Avenue B, a 6-story mixed-use walk up building in the East Village. The property consists of 26 residential units and 2 retail ground floor units. Property Highlights: - 85% Free Market. - 26 residential and 2 retail ground floor units. - Long-term retail tenants; Mona's is the second oldest bar on Avenue B. - Cash-flowing asset with immediate upside due to vacant FM units than can be rented at attractive market rates. - 44 feet of frontage on Avenue B. - Prime East Village location just off 14th Street, adjacent to Tompkins Square Park and L train.

FOR SALE DETAILS

PRICE

$15,500,000 USD

PRICE/SF

$1,021 USD /SF

# OF UNITS

26

PRICE/UNIT

$596,154

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C1-6A

APN/PARCEL ID

0407-0032

ASK ABOUT THIS PROPERTY

Jonathan BuergerB6 Real Estate Advisors LLCMore Info
646-933-2608

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Jonathan BuergerB6 Real Estate Advisors LLCMore Info
646-933-2608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.