220 East 49th Street, New York, New York, 10017

220 East 49th Street
New York NY 10017

Cross street:Third Avenue

Building

Type:Townhouse
Era:Post-war
Floors:5

Property

Ownership: Income Property
Rooms: 33
Bedrooms: 9 BR
Bathrooms: 10

Financials

Price: $4,500,000
415 Madison Avenue New York, NY 10017
Courtesy of Garfield, Leslie J. & Co., Inc.

Description

New to Market. This ten-unit, five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of four rent-stabilized and seven free-market units. This opportunity is unique in that it can be utilized as a live plus income investment or be held as a cash-flowing asset. A potential user/investor has the ability to occupy and/or combine the entire first floor for personal use, which features a private, 525 square foot south-facing garden. Furthermore, the three stabilized units are rented at approximately 65% of fair market value, providing future upside for an investor.

Amenities

Garden;

  • Garden
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

New to Market. This ten unit, five story walk up building contains nine one bedroom units and one studio unit.

Description

New to Market. This ten-unit, five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of four rent-stabilized and seven free-market units. This opportunity is unique in that it can be utilized as a live plus income investment or be held as a cash-flowing asset. A potential user/investor has the ability to occupy and/or combine the entire first floor for personal use, which features a private, 525 square foot south-facing garden. Furthermore, the three stabilized units are rented at approximately 65% of fair market value, providing future upside for an investor.

Amenities

Garden;

  • Garden
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.