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Massey Knakal Reel

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A four (4) story plus basement, mixed-use apartment building containing 2 stores and 12 rent regulated apartments of which 1 is currently vacant. There are two boilers one for the residential units and a second for the Laundromat. The building contains two sets of gas and electric meters; one for the apartments and another for the commercial units. In recent years the windows and roof were replaced and the facade was renovated. The property possesses approximately 9,675 SF of air rights which could possibly utilized in the long run to add to the existing building or sold transferred to a neighboring property. Substantial upside exists in the residential rents which currently average $1,18.516 per month or $41.07 per net square foot.

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Neighborhoods: Upper West Side/ Agents: Hall Oster