Seeking a safe investment? An asset that appreciates regardless of the market? Look no further than this RENT STABILIZED CONDO LOFT in the heart of Tribeca. Tenant is not interested in buy out at this time. No showings. This is not for immediate occupancy but a long term investment. Great for a 1031 exchange. Vast open space with no walls, 1 kitchen and 1 bathroom. Lots of risers provide maximum flexibility for a future renovation. Apartment was last renovated in the 1980's. Large open space with hardwood floors, original soaring tin ceiling, and great light from abundance of windows on both Hudson and the rear courtyard. 6 year old industrial sized elevator. Cash flow negative monthly so financing contingencies will not be accepted. The depreciation and net loss will counterbalance most of the negative cash flow for a roughly cash neutral situation annually. Extremely low taxes/cc's. Check out the Tribeca page on Wikipedia, you'll find a picture of this building at the top.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
