$ 4 MILLION DOLLARS
MIXED USE PROPERTY WITH AIR RIGHTS.
118 East 1st Street, New York, NY 10009
 
Across the street form World Famous Katz Deli
EAST VILLAGE - UPZONING IN PROGRESS
Location: On the North side of East 1st Street
  between 1st Avenue and Avenue A
Block/Lot: 429/43
Lot Size: 20' x 105' (Approx.)
Lot Area: 2,100 sq. ft. (Approx.)
Stories: 4 (Including Commercial Sub-Level)
Building Size: Sub-Level to 3rd Fl: 20' x 65' (Approx.)
Gross Sq. Footage: 4,500 Sq. Ft. (Approx.)
Assessed Value: $122,461 (07/08)
Real Estate Taxes: $14,607
Zoning: R7-2 (C2-5 Overlay)
FAR: 3.44 Residential
Air Rights: 5,100 Sq. Ft. (Approx.)
Historic Distric: No
Built: 1900

New York City. East Village Gem

Business/Restaurant/Retail/Developmental Site.

Description:
118 East 1st Street is a 4-story decontroled (including Commercial) mixed-use property with approximately 4,025 square feet of additional air-rights. Upzoning in progress will guaranty additional 8,000 Sq. Ft. The three apartments are free market and are rented on a month/month basis. The property is also surrounded by several high-profile new development projects as well as some of the East Village's most popular restaurants, bars, and recreation options such as the world famous Katz's Deli.
The property can be delivered vacant.

Gross Annual Revenue :
$
265,200
Annual Expenses:
$
28,292
Net Annual Income:
$
236,908

Please Click Here to View Detailed Income Statement.
 
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