Property Details

Overview

In this SRO, Single Room Occupancy, All units have kitchens and bathrooms. All units are approximately380 - 450 sq ft each. This building contains all the architectural details of the era, to include 7 decorative fireplaces and exposed brick.The Monthly rent roll in excess of $18K. All rents are registered and up to date with DHCR.Purchaser options: Live in owner with rental income. One unit is guaranteed delivered vacant, Seller is willing to work with new owner to negotiate freeing up additional units, if necessary.Monthly Building exterminating services.Building has been fully renovated, no need for short term capital improvements.The Building heating plant has approved sprinkler system, upgraded boiler, and hot water heater.All Fire and HPD Building regulations are in compliance.All Brokers familiar with this type of commercial deal are welcome.Co-Broke Fee: 2%