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229 E 2nd Street, Manhattan, New York 10009
East Village Manhattan Storefront Duplex Condominium Community Facility
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Property Description

The property at 229 East 2nd Street, Manhattan, NY 10009, is a condominium located in the East Village neighborhood. The building is situated within an R8A zoning district, which is primarily residential but allows for certain non-residential uses under specific conditions. The unit in question comprises approximately 1,850 square feet, with 350 square feet on the street level and 1,500 square feet on the lower level, with 3 separate entrances to the lower level, including elevator, lobby, and stairs directly from the street. The unit will be delivered vacant.

Property Details

Price:999000
No. Units:1
Building Size:2075 SF
Price/Unit:$108,333.33
Property Type:Special Purpose
Property Sub-type:Special Purpose (Other)
Property Use Type:Any Use - All Of The Above
Cap Rate:9.4%
Gross Rent Multiplier:8.325
Occupancy:0%
No. Stories:6
Year Built:
Lot Size:2075 SF

Units

Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
Community Facility1$1844

Financial Summary

Scheduled Gross Income$120000
Effective Gross Income$120000
Operating Expenses$25838
Net Operating Income$94162

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired