220 E 49TH Street

This ten-unit, five-story walk-up building contains nine one-bedroom units and one studio unit. The unit mix is comprised of three rent-stabilized and seven free-market units.

This opportunity is unique in that it can be utilized as a live plus income investment or be held as a cash-flowing asset. A potential user/investor has the ability to occupy and/or combine the entire first floor for personal use, which features a private, 525 square foot south-facing garden. Furthermore, the three stabilized units are rented at approximately 65% of fair market value, providing future upside for an investor.