An elevatored, five story plus lower level mixed-use building located on the south side of Saint Mark?s Place between 2nd Avenue and 3rd Avenue. The ground floor is currently vacant but is expected to be leased out shortly. The 2nd floor is leased to an art gallery and cafe through November 2018 who pays $11,000/month and 20% of the real estate taxes. Floors 3-5 are occupied by a karaoke lounge who has a lease in-place through September 2031. The karaoke lounge is currently paying $28,000/month and 50% of the total real estate taxes. This is an excellent opportunity for an investor to receive a steady stream of cash flow from the in-place units in a rapidly growing neighborhood.
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.
