at 23rd St 0.1 miles at 23rd St 0.2 miles at 23rd St 0.2 miles at 14th St 0.3 miles at Union Square 0.4 miles at 23rd St 0.4 miles
Chelsea’s most active retail location, 684 Avenue of the Americas, between 21st and 22nd Street. Located on the eastern side of the Avenue of the Americas, this 1850’s building is a rock solid retail-driven context and has the ability to achieve increased income, with all the essentials of a successful real estate investment.
• Block/Lot 823-83 • Building Size 25 ft. X 58 ft. • Lot Size 25 ft. X 59 ft. • Zoning C6-2A • Historic Landmarked District • Additional 5300 sf. potential developmental rights available on the property TAXES $55,685
3 Story mixed-use walk-up building consisting 3 Units: a ground floor commercial unit, second floor presently commercial (can be residential), and the top floor residential unit.
Ground Floor Retail - 1200 SF, currently leased to Starbucks until 3/31/12, with another 5 year option. Water sub meter installed. Water and utilities are sub-metered, and tenant pays 75% of the rent increases over the base year rent.
Second Floor Retail - 800 SF, currently leased to Anagen Hair Salon and has use of an amazing 400 SF outdoor garden leading from the space. Sub-metered.
Third Floor Residential - 1 BR apartment, 800 SF, currently leased with a tenant on a month to month lease, paying $3650/month. The 3rd floor has a new boiler, and access to a large private roof deck, with spectacular views.
A strong retail environment and location, the improving rental marketplace allows potential upside for an investor seeking a long term hold. 684 Sixth Avenue is a well maintained building which has been owned by the same family for 41 years.
All material herein is intended for information purposes only and has been compiled from sources deemed reliable. Though information is believed to be correct, it is presented subject to change, errors, omissions, or withdrawal without notice.
Nothing in this email or any subsequent replies should be construed as or be deemed to create a binding contract to purchase, sell, rent, lease, to amend or terminate any agreement, contract, or lease, to pay any consideration, for any property or settle any claim. This e-mail is not an agreement to negotiate. The sender of this email does not have the authority to bind a buyer, seller, landlord, or tenant to a contract via written or verbal communications including, but not limited to, email communications. The parties shall not be bound until all necessary parties sign final, definitive and formal agreements, contracts and/or leases reflecting all of the agreed upon terms of the proposed transaction, any consents are obtained for making such agreement, contract or lease enforceable and the parties exchange fully executed agreements, contracts or leases
This electronic mail message and the information contained herein is confidential and may be legally privileged or otherwise protected from disclosure. It is intended solely for the addressee(s). Access to this electronic mail message by anyone else is unauthorized. If you have received this electronic mail message in error or are not the intended recipient, you are hereby notified that any dissemination, copy, distribution or review of the information herein is prohibited and this email should be deleted immediately together with any and all attachments.
The sender believes that this electronic mail message and any attachments were free of any virus, worm, Trojan horse, and/or malicious code when sent. This message and its attachments could have been infected during transmission. By reading the message and opening any attachments, the recipient accepts full responsibility for taking protective and remedial action about viruses and other defects. Neither the sender nor Town Residential LLC, including its affiliates, subsidiaries, and related entities are liable for any loss or damage arising in any way from this electronic mail message or its attachments
Town Residential LLC is a licensed real estate broker in the state of New York. Equal Housing Opportunity.