502 E 12th St
New York, NY 10009
502 East 12th Street · Immeuble residentiel Propriété À vendre · 10 Unités

Cushman & Wakefield (“C&W”) has been exclusively retained to offer for sale 100% fee simple interest in the building at 502 East 12th Street (the “Property”) New York, NY. 502 East 12th Street is a 5 story, 2B tax class multifamily building located on the south side of East 12th Street, just East of Avenue A in the heart of the East Village. The Property, which has 28’ of frontage along East 12th Street, spans 6,300 square feet above grade and features 10 apartments. Each of the apartments is a 2 bedroom, floor-through
style. There are 6 deregulated units and 4 rent stabilized units. Units 7 and 8 have been reconfigured in the front, making unit 8 a luxury 2 bedroom apartment. The basement has a full bathroom, a slop sink and plenty of storage space for possible additional income. The Property is well maintained, with new gas lines (2021), and hot water heaters (2018). The water is billed via frontage (metering would create savings). Landlord provides heat (gas fired steam) and cooking gas. The Property presents a unique opportunity for a buyer to purchase a well-maintained building in a best-in-class location that has not sold in over 30 years.