This ten-unit,five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of three rent-stabilized and seven free-market units. This opportunity is unique in that it can be utilized as a live plus income investment or be held as a cash-flowing asset. A potential user/investor has the ability to occupy and/or combine the entire first floor for personal use,which features a private,525 square foot south-facing garden. Furthermore,the three stabilized units are rented at approximately 65% of fair market value,providing future upside for an investor.

Property Details of 220 East 49th Street, Unit House

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Listed by and Thomas Wexler of Leslie J Garfield & Co Inc

Based on information submitted to REBNY as of June 28, 2022 10:49 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 
 

 

 

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