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202-204 First Ave
New York, NY 10009
202 First Avenue · Multifamily Property For Sale
·
17 Units
PROPERTY FACTS
| No. Units | 17 | Lot Size | 0.08 AC |
| Property Type | Multifamily | Building Size | 16,000 SF |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1905 |
| Building Class | C | ||
| Zoning | R7A/ C1-5 | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 16,000 SF |
| No. Stories | 6 |
| Year Built | 1905 |
| Zoning | R7A/ C1-5 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Maintenance on site
ABOUT 202-204 FIRST AVE , NEW YORK, NY 10009
The subject property is a 39.5' wide, six-story, mixed-use building located on the east side of 1st Avenue between East 12th and East 13th Streets. The building consists of a ground floor retail unit, 15 free-market apartments and 5 rent stabilized apartments. A majority of the units are two-bedrooms and multiple apartment lines have the ability to be converted into three-bedrooms apartments. The average in-place rent is approximately $58 per square foot which is well below market. The retail unit is currently leased to No Relation Vintage which has a lease until March 2018. The building features recently renovated common areas, a new boiler, and new electrical systems. This is a rare opportunity to acquire a prime East Village asset with upside potential and over 39' of frontage on 1st Avenue. The subject property is located in Manhattan's East Village neighborhood on the main retail corridor of First Avenue.
PROPERTY TAXES
| Parcel Number | 0440-0003 | Improvements Assessment | $1,651,860 |
| Land Assessment | $256,500 | Total Assessment | $1,908,360 |
PROPERTY TAXES
