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$4m walkup is a good investment.


Georgia Malone & Co., Inc., represented the estate of George Tzamouranis in the sale of a five-story pre-war walkup walk·up also walk-up  
n.
1. An apartment house or office building with no elevator.

2. An apartment or office in a building with no elevator.
 apartment building at 239 W. 72nd Street, for more than $4 million.

The 13,236 s/f building is 33 feet wide and features six 900 s/f one-bedroom apartments, four retail stores and one office.

Rent-stabilized, the apartments are large and substantially renovated, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Georgia Malone, president of Georgia The President of Georgia (Georgian: საქართველოს პრეზიდენტი) is the head of state and commander-in-chief of Georgia. Presidents serve five-year terms.  Malone & Co. The retail stores have great upside as most of their leases expire in 2005 and 2006.

Said Malone., "Walk-up residential properties with a retail component like this are a great investment in this recovering economy, and they offer considerable upside potential Upside potential

The amount by which analysts or investors expect the price of a security may increase.


upside potential

The potential price or gain that may be expected in a security or in a security average, generally stated as the dollar
."
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 23, 2005
Words:112
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