Turtle Bay | Third Avenue & Second Avenue
- $ 4,100,000
- 9 Bedrooms
- 10 Bathrooms
- / Approx. SF/SM
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- $ Maintenance
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- Description
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This ten-unit, five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of three 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.
This ten-unit, five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of three 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.
Listing Courtesy of Garfield, Leslie J. & Co., Inc.
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Additional building data provided by On-Line Residential [OLR].
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