220 East 49th Street, House

Turtle Bay   |   Third Avenue & Second Avenue

Income Property [Voice Intercom]
$ 4,100,000
Rooms 33
Bedrooms 9
Bathrooms 10
Status Active
Listing ID: 26487TH

Jason Bauer

License

Manager, Lic. Associate RE Broker

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Property Description

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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Apartment Features

A/C
220 East 49th Street Turtle Bay New York NY 10017

Building Details [220 East 49th Street]

Ownership Income Property
Service Level Voice Intercom
Access Walk-up
Pet Policy No Dogs
Block/Lot 1322/41
Building Size 21'x75'
Zoning R8B
Building Type Townhouse
Age Pre-War
Year Built 1910
Floors/Apts 5/10
Lot Size 21'x100'4"

Building Amenities

Garden

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2022 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.