Adelaide Polsinelli.Adelaide Polsinelli, senior executive broker, and Perry Lee, associate executive broker for Besen and Associates, have been hired to market the two-building package at 320 E. 11th St., in the heart of the East Village. The package includes two four-story, mixed-use buildings, located between First and Second Avenues and neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. the famous Veniero's Bakery. The buildings contain one retail store on the ground floor and a two-bedroom apartment, which can be delivered vacant. In addition, there are 31 single room units, of which 21 are currently being rented for short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. use. The buildings have been renovated and upgraded to capture the niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. for this popular tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps". . A bridge was added to connect the two buildings, an original trademark of the sellers. The current occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred) of 85% offers an annual income of $394,000 for the, 21 units. The retail component of the property adds an additional $24,000 and the balance of the units contributes $32,000. bringing the annual total to $486,000. |
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