Marcus & Millichap marketing prime conversion sites.Marcus & Millichap Real Estate Investment Company is marketing two prime sites at either end of the city. The brokerage firm has received the exclusive listing to market for sale a 19-unit apartment property located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. at 7 East 75th Street. The list price of $14.75 million represents $776,316 per unit. Sharon Bands and Peter Von Der Ahe, agents in Marcus & Millichap's Manhattan office, are marketing the property on behalf of the seller, a local private investor. The property is a five-story, 19-unit building plus a penthouse penthouse Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof. and is located on 75th Street between 5th and Madison. Tenants are within a short walking distance to Central Park and all Upper East Side amenities and services. The structure was originally built in 1910 and was converted to an apartment building in 1943. The elevatored building, whose facade facade (fəsäd`), exterior face or wall of a building. The term implies ordered placement of its openings and other features and thus seems inapplicable to a wall without design. retains many original architectural details, totals 17,010 square feet and features a full basement, spacious courtyard For alternative meanings of the word "court", see: Court (disambiguation). A court or courtyard is an enclosed area, often a space enclosed by a building that is open to the sky. , plus a large roof deck and terraces. The property is comprised of two rent-controlled units, eight rent-stabilized units and nine free-market apartments. The new owner could consider converting the property to for-sale condos or a co-op, 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. the listing agents. The firm is also marketing the sale of a mixed-use property in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's Greenwich Village Greenwich Village (grĕn`ĭch), residential district of lower Manhattan, New York City, extending S from 14th St. to Houston St. and W from Washington Square to the Hudson River. for $12 million. With its prime location, the property has excellent redevelopment potential. Tanya Khabay, an investment specialist in Marcus & Millichap's Manhattan office, represents the seller, an out-of-state investor. "This is a rare mixed-use opportunity in Greenwich Village," notes Khabay. "There's the potential to add tremendous value to the property through redevelopment, possibly as a condo development site or the investor can receive additional square footage for community-focused development." The property, at 52-54 W. 13th St., consists of two components: residential and commercial. The residential portion is comprised of a three-story walk-up apartment building with one apartment per floor. The commercial component consists of two commercial units both operating as restaurants, and two vacant residential units. Per zoning regulation, maximum gross allowable building area for the subject site would be 26,000 +/- square feet or 31,000+/- square feet with bonus. |
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