Investment Opportunity: Mixed Use 6 Story Walk-Up Building
58 Orchard Street is a 25 foot wide mixed use 6 story building with 16 residential apartments and 4 commercial units. The building was built in 1910 and has a gas boiler, all units are metered separately for electricity. The residential units are all rent regulated apartments, the total income for this property is $156,280 per year.
Located on Orchard Street between Grand and Hester Streets this property is in the heart of the Lower East Side. This rapidly developing vibrant neighborhood features trendy cutting edge restaurant and retail as well as excellent public transportation and intimate neighborhood parks.
Property Details include the following:Block & Lot: 00309, 0008Zoning District: C6-2Building Class: C7Lot Size: 25 x 87Building Size: 25 x 73Year Built: 1910Stories: 6 Commercial Units: 4Residential Units: 16 (Rent Regulated)Real Estate Taxes: 2018 - $52,395
Courtesy of The Corcoran Group
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