217 East 26th Street

  • $16,900,000
217 East 26th Street, New York, NY, USA
Sold
217 East 26th Street
217 East 26th Street, New York, NY, USA
  • $16,900,000

Overview

  • Commercial, Office Building
  • Property Type

Description

Stephen P. Wald Real Estate Associates, Inc. has been exclusively retained to represent the sale of 215 and 217 East 26th Street, which consists of 2 contiguous, mixed-use apartment buildings. Built in 1912, the buildings have a total of 26 residential units and 4 commercial units. The rent roll is substantially below market on all free market apartments and the rent controlled tenant is in the process of being evicted due to illegal subletting. One of the four retail tenants is on a month-to-month basis, providing a significant upside for the owner. All building mechanicals in good condition and all free market apartments recently renovated. This property represents excellent upside potential.

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Details

Updated on October 19, 2023 at 8:29 pm
  • Price: $16,900,000
  • Property Type: Commercial, Office Building
  • Property Status: Sold
  • Area Manhattan
  • Country United States

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Contact Information

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Cody Parker Hellberg

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