Web ID # 54979


Space: Investment

Prime 22-Unit Mixed Use Building in SoHo! 12,141 sq ft!!

The subject property is a 6-story mixed-use walk-up apartment building featuring one (1) commercial tenant and twenty-one (21) residential apartments. The ground floor retail space is currently occupied and has just begun its third year out of a ten year lease. Of the twenty-one (21) apartments, five (5) are free market, ten (10) are rent-stabilized, and six (6) are rent-controlled. The rent-regulated units are renting at an average of approximately 23% of market rents and therefore possess tremendous upside. The building consists of all one-bedroom apartments and is currently fully occupied.

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