Description
Great Investment Opportunity!! This apartment is rent stabilized and currently occupied, making this an opportunity for an INVESTOR only. This apartment is subject to the rules of the Rent Stabilization Board Guidelines. I suggest that all potential buyers and Agents read the Guidelines online before requesting an appointment to view. Current tenant can remain in place for as long as he likes. That is the reason that this apartment is being sold for 1/3 of its current market value. Located in a Prime UES Doorman building is this Sponsor unit that is available with NO BOARD APPROVAL!!!! This is a great investment opportunity. Motivated seller is looking to sell this beautiful one bedroom that can easily be converted to a 2 bedroom. It is a Sponsor apartment so no board approval is required. CURRENTLY OCCUPIED BY A RENT STABILIZED TENANT AND IS THEREFORE NOT AVAILABLE FOR IMMEDIATE MOVE-IN. This apartment is a large one bedroom overlooking Second Avenue. Located at 2nd Avenue & 76th Street, this apartment enjoys a fabulous location. It is a must see for someone who would like to have a city apartment in a great location in inventory. Save it for the kids or for when you want a Pied A Terre when you retire. Really low maintenance makes this apartment especially attractive. Brokers inquiries are invited, 3.5% to cooperating Brokers. Tenant is currently about 70+ years old. Rent being paid is $692.87 monthly, Maintenance is currently 1,434.23. Tenant is exempt from rent increases being a senior citizen, city give real estate credit for amount under the legal rent. Building reimburses this credit to owner. Similar apartments in this building have sold for over $600,000. DUE TO THE OVERWHELMING RESPONSE TO THIS LISTING, THIS UNIT CANNOT BE VIEWED. BUILDING CAN BE VIEWED. BUYER PAYS TRANSFER FEES OF $30.00 PER SHARE.
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