Turn-key mixed use building in the ever-developing Lower East Side.
8 FREE-MARKET Residential units (studio to 3BRs) and 2 Commercial spaces.
Current NOI is $189,000 with Covid rent discounts, but projections without upgrades are closer to $270K and a 4.15% CAP.
Further room to increase CAP through updating apartments, common spaces and build out the roof. Fully Occupied.