Built in 1911 and converted in 1985, The Barrington is an elegant 9-story, 52 unit prewar doorman condominium with amenities such as private storage bins, bike room, and on site laundry.This meticulously maintained 24 hour doorman building is located on a quiet, non-thoroughfare block lined with trees and seasonal plantings. Conveniently located near Natural History Museum, Zabars, lots of restaurants and shops and the #1 and B/C subway lines.The unit is located on the 4th floor, facing South and East. It gets great light throughout the day.Please read these comments carefully - this is a property for a savvy investor. The unit is in original condition. It is tenant occupied, and the tenant pays a VERY low rent ($657 per month). The tenant has a lease that allows her to live there for the rest of her life. The tenant is 90 years old, and should not be disturbed. HOWEVER, THIS UNIT IS NOT RENT-CONTROLLED, AND THERE ARE NO SUCCESSION RIGHTS FOR THE TENANT TO PASS THIS LEASE ON TO THEIR HEIRS. The tenancy is reflected in the list price, and makes this a very attractive proposition for the right investor. You're buying a pre-war condo at around 20% discount to market value, but you cannot occupy the condo for a few years.You can call the owner on 917 292 1838.
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