217 East 26th Street

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.