Two five-story mixed-use walkup building between Rutgers and Jefferson Streets. The subject property contains twenty one/two bedroom rent stabilized apartments and two stores. The property measures 26 feet by 90 feet totaling approximately more than 11,700 square feet of livable space and sits on a 26x100 foot R7-2 zoned lot. In addition, the building has a cellar with another additional partial basement which is good for storage. The boiler & heat has been updated on 2019 and approximately 4.5% cap rate. The building is neither landmarked nor in a historic district.
The subject property is one minute away from the East Broadway F-train station and M22 bus station is in front of the building. The property is one block away from Gouverneur Hospital, which is the largest freestanding ambulatory care center in New York State and serves approximately 50,000 patients a year. Quick and easy access to the FDR Drive.