111-113 East 12th Street

$15,800,000

for sale

No longer available 3/31/2010

15,637 ft²

$1,010 per ft²

2 rooms

Studio

1 bath

Rental unit
East Village

Seller's agents

Peter Sikora

Corcoran

Steven Sikora

Corcoran

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Listing by Corcoran, Limited Liability Broker | Brokerage Listing ID: 1856330

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Common charges

Not applicable

Estimated payment

$82,193/mo

Taxes

No info

Tax abatement

No info

About

Seller’s agent

Peter Sikora

Unknown

Corcoran

Steven Sikora

Unknown

Corcoran

Description

High Cap Rate. Approximately $1,100,000.00 gross actual annual income. All Free Market Rents. Fully Rented. Top Union Square Location. 50 feet by 106.5 feet, built 98 feet. 14 Residential and 2 Retail units. Great turn key opportunity. Flexible commercial and residential zoning with approximately 32,000 total buildable square footage. Superb investment opportunity.

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Home features

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Building amenities

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About the building

111 East 12th Street

111 East 12th Street, New York, NY 10003

Rental building inEast Village

10 units

6 stories

1900 built

For sale

0 available units for sale

For rent

0 available units for rent

Documents and permits

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Learn more about 111 East 12th Street

Property history

Price change: ↑ $1,000,000 (+6.8%) on 11/11/09
Days on market: 175 days

Date	Price	Event
3/31/2010	$7,900,000	No longer available
1/28/2010	$7,900,000	In contract
11/11/2009	$7,900,000	Price increased by 5%
8/6/2009	$7,500,000	Listed by Corcoran
3/31/2010	$15,800,000	No longer available

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Transit

Location	Distance
LNQRW456at 14th St–Union Square	0.11 miles
Lat 3rd Av	0.12 miles
6at Astor Place	0.2 miles
RWat 8th St–NYU	0.21 miles
Lat 1st Av	0.36 miles

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About East Village

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

Sales

Median asking price

Studio

$507.5K

Rentals

Median asking base rent

Studio

$3,400

Known and loved for being the birthplace of punk rock, the East Village is known for its vibrant restaurants and cocktail dens. During the day, however, the neighborhood slows down and has a tranquil feel. Meander down a leafy side street, and you'll happen upon plenty of prewar buildings and rusting fire escapes, which lend the East Village its old-fashioned charm.

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