Total Est. Monthly Carrying Cost:
$63,385 ($2.62/ft2)
Note: the above is based on a down payment of 20% ($2,300,000),
which is the minimum amount permitted by the building.
Description
Turn-of-the-century industrial loft building in East Harlem. DOB plans have been approved for a 14-unit condominium conversion comprised of 3 studios, 3 one-bedrooms and 8 two-bedrooms. The top-floor penthouses will come with private outdoor space, and a common roof deck is planned as well.
The property can also remain as a commercial entity and be leased out. The building is 25,160 square feet and the lot size is 50 x 100.92' . The buildable square footage is 22,023. The building features large floor plates, exceptionally high ceilings, excellent light, 2 internal staircases and an elevator that services all floors.
Infrastructure details: basement has 8'9" ceilings, heated by #2 oil-fired burner supplied by 2 tanks (1,080 and 1,500 gallons), building is sprinklered, and is sub-metered for electric.
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