The market value of this apt is approx $400,000 and the asking price is $200,000. This is an occupied and rent controlled unit which cannot be delivered vacant. The collected rent is $222 above the mthly maint. Sold as “Unsold Shares” with no board approval needed.
The building is a financially sound pre-war co-op on a PRIME tree-lined street. A great investment opportunity with potential for a very substantial profit in the near future.
The owner also has another similar rent controlled one-bed in the same building, and would sell both units (market value $800,000 combined) as an investor package asking $350,000.
Please call for details – Anthony – 718 490 1968.