55 West 19th Street

> Making equally good sense for an end user or an investor, 55 West 19th Street is a Flatiron/Chelsea mixed-use building with multiple opportunities to utilize or reposition the property: live with income, legal live/work, investment property, high traffic retail, or conversion to residential. > Summary: Solidly appreciating commercial and residential rents make this an investment with terrific upside. > End users will recognize the property's penthouse and live/work potential as a unique opportunity to own a home, and insulate their businesses from exposure to the area's rising commercial leasing market. > Description: A beautiful duplex penthouse apartment with roof deck; two full floor commercial lofts, and retail space. > Five stories + cellar; aprox. 8500 square foot, mixed-use, elevator; zoned C6-4A/ R-10 which can be residential as of right; in the Ladies Mile Historic District. > Financial Highlights (projected October 2016): Income: $607,000; Expenses: $67,682; NOI: $539,318; Cap Rate: 4.31%. > Delivered substantially vacant, with opportunity to increase income upon possession. > Ground and second floor leases expiring in September 2016; No stabilized or IMD loft tenants. > A property full set-up will be available soon; please email me for a copy when available.