238 East 4th St. #-

Investor Opportunity:
Condo Townhouse Unit for Sale with Tenant in place until December 2014

For Sale: $6,995,000

Building Type: This is a FOUR STORY Residential Condominium unit with Garage and Garden, in a newly constructed Two Unit Townhouse. The unit for sale comprises the first four floors of a six story Townhouse.

4 bedrooms, Dining Room, and 2.5 Bathrooms, GARDEN & PRIVATE GARAGE.

Location:South Side of East 4th Street between Avenues A & B.

Block/Lot: 00399-7502

Lot Dimensions: 23 ft x 96.17 (Approx.)

Sq. Ft: 6000 (Approx.)

Available Air Rights: None

THIS UNIT: Floors 1 through 4.

Zoning: R0

Zoning Map: 12C

FAR as built: 5.06

Year Built: 2009

Landmark Status: None

Building Dimensions: 23’ x 65’ Approx.

Expenses:
Real Estate Taxes: $12,144/annum
Common Charges: $13,200/annum
Insurance: $5,000/annum

Lease Terms: Unit is leased until 2015.
Rent Roll: Tenant Rent: $24,000/mo.
Gross Income: $288,000/annum
Net Income: $257,656

(Floors 5 & 6 are a separate unit not for sale)
Lease Terms: Expires 8/15/14, with tenant’s option to renew for 6 months (2/15/15)