73 Second Ave. BUILDING

73 Second Avenue is a 5 story brick walk-up building located in the busiest commercial section of the East Village. This investment property consists of 11 units with 1 studio apartment, 8 large one bedroom apartments, and 2 prime commercial units. Of the 9 residential units there are 5 stabilized units, 2 rent controlled units, and 2 free market units. This is an excellent opportunity for a strategic investor to reposition this property to maximize its income potential. The current owner has made significant improvements in recent years. The hallways have hard-wired smoke detectors and emergency lighting. A facade restoration was performed in 2012. A new rubber roof with a 15 year warranty has just been completed. The gas boiler has a digital heat timer and a new separate hot water storage tank.

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