In the heart of coveted Chelsea residential block with restaurants and stores between 7th & 8th Avenues. Ideal for Gallery, Bar. etc. **Commercial Lease expires 10/31/2017. Formerly 20/20 Gallery. A 25 x 20 foot extension can be added to rear of building to increase commercial space. Please view renderings above for suggested bump out of commercial space.
5 Story mixed usage building with commercial space, rear courtyard. 8 one-bedroom units. 5 free market - 3 rent** stabilized. F.A.R: 4074 sq. ft. Gross area square footage 6275.
- Burnham 5008N gas boiler
- Water heater
- Upgraded electrical wiring though out building
Block: 765 Lot: 55
Assessed Valuation: 3,530,000 Land: 57,780
Zoning: R & B District, Tax Class 2B
Size of Plot: 25 x 103.25 building 50 deep
Current Rent Roll: $279,239 Projected Rent Roll: $420,496
- Water & sewer 3,650
- Real Estate Taxes 45,731
- Payroll (visiting Super) 6,000
- Utilities (Gas & Fuel) 10,400
- Insurance (casualty, liability, etc.) 15,400
- Repair & Maintenance 4,500
- Management 14,035
Expense Total: $99,716
Exclusive: Laurie Brant Realty 212 685-4810 / 917 868-4318
**Additional information upon request
Disclaimer: All information is from sources deemed reliable but is subject to errors, omissions, change of price, prior sale, withdrawal without notice. No representation or guaranty is made as to the accuracy of any description.