A 24' wide 6 unit three story apartment building. The property has two units per floor located to the front and back of the building. All the apartments are renovated two bedroom units. They have an open kitchen and full bathroom and a living room. The living room can be converted into a bedroom. The property is individually metered for gas and electric, which is in the basement. The basement has 9' ceilings with windows it's currently leased to a carpenter on a month to month basis. The oil boiler, gas & electric and roof is new. The hallways and the apartments have 11' ceilings, the fire escapes are to the front and back of the building. All the units are rent stabilized with the potential for upside. The property is a prime investment opportunity because for a two bedroom apartment you can charge $1,700 to $1,800 their are three units in the building with rents less than $1,500. The property has a C1-3 Overlay, which allows it to be converted into a mixed use building or a commercial property. The building would be a great user opportunity, they can turn the two apartments on the ground floor into two stores and live in one of the apartments above. This would be perfect for the investors because they can get more for the stores than the apartments.
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