|4 bedrooms||4100 sq ft|
|4 bathrooms||Zip: 10028|
Located just off the corner of 81st Street and 2nd Avenue, on the south side of the street sits 306 East 81st Street, a four story, two family mixed use townhouse that can be delivered vacant or with the two existing tenants in place. Property is not landmarked or in a historic district and with the existing air rights intact, opportunity to live with income or operate a business and rent out exists. At roughly 4,100 square feet this building is currently configured with ground floor retail and a total of two apartments above. The ground retail is occupied by Sandro's, a very well regarded Italian restaurant, with its own separate entrance and use of the full basement. Restaurant is currently paying $106,950 per annum. The restaurant is approximately 1,350 square feet plus use of the basement for storage purposes and is on a month to month basis. A stooped entrance takes you to the residential portion of the building. On the second floor is the entrance to a lovely one bedroom, 1.5 bath apartment with a large south facing terrace. This free market, 1,050 square foot unit has original details, pre-warm charm, a working fireplace, high ceilings and a large bedroom with plenty of closet space. The current lease is expiring in August of 2017 at which point it will be on a month to month. They are currently paying $3,000/month. The third and fourth floor is a 3 bedroom plus home office, 1.5 bath 1,700 square foot duplex apartment that offers high ceilings, an open, oversized kitchen, large living room and a washer/dryer. Currently vacant, rent is projected at roughly $6,000 per month. The entire building can be delivered with the existing tenants in place or completely vacant. Ideally suited as a single family conversion, continued mixed use, live/work for a restaurant operator, or the potential exists to use the ground floor for other retail use. Suitable for a 1031 exchange buyer. Building is gas heated and has had a new roof recently put on and has roughlAdditional listing info available.
306 East 81st Street is the lap of safety luxury
The grass is green. The sidewalks are swept - what more could you want at 306 East 81st Street
Kick back, relax, you've got at quality home in 306 East 81st Street
Living at 306 East 81st Street will literally make you feel like you've won the grand prize - every day
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