Rare Opportunity - Prime Location in Lower East Side 14,222 SF Buildable - Delivered Vacant Potential for a $1.2m Rent Roll This property is a 6 story building currently configured with 22 residential apartments (one bedrooms) and 2 commercial stores with a gross square footage of 10,800 SF above grade and an additional 1,775 SF basement. The building requires a full gut renovation, and utilizes gas heating. Potential to develop a $1.2 million dollar rent roll: $100 psf for retail units, $30 psf for basement, and $80 psf for apartment rentals; resell for 22 times rent roll after completion, for a $26 million dollar sale. The building can be utilized as a rental building, condo or single family home. Located in the heart of the Lower East Side, across from Seward Park, this property is an incredible development opportunity.
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