30 East 2nd Street, 2-FLR

Full floor in 1840 townhouse with three residential units. Dimensions 20 by 75 ft, apx 1500 sf (less the stairwell space), with 10.5 ft high tin-lined ceilings. The large Master Bedroom has the original wide floor planks and a marble fireplace (non-working); it gets strong rays of morning sun along with its small exposed-brick side-room (for computer / den / office). Extensive closet space. Renovated in 2011. New kitchen (Viking stove / Sub-Zero refrigerator) with dishwasher. New bathroom with 19th Century hotel bathtub. Miele washer and Miele drier. New electrical. The three front windows facing the tree-lined street are new, their built-in shutters are original. Five huge windows in the living area (from 1899) get full afternoon sun across the grassy center of the block. Use of the roof is free and open to owners of the building. Low monthly maintenance ($1000) is a consequence of income to the Building from rental of the basement as a back-office for a retail firm (on a 5-yr lease, renewed 2013). The Tenant who currently resides on Floor 2 has a lease ending on or before October 31, 2016. The right to occupy Floor 2, or to offer it for rent, is conveyed by purchase of a block of 77 shares in 30 East 2nd St Corp, an S-Corporation, that is now held by the Estate of Louise Kruger and constitutes a one-third interest in the ownership of the Building. Purchaser must agree to cooperate in converting the building to co-operative ownership in order to get Board approval. The shares will be delivered to the purchaser free and clear of debt or liens. The Building, owned by 30 East 2nd St Corp, is free and clear of any debt and is in excellent condition, with exposures S, W & N. Facade and new roof work completed in 2014. Market Value set by tax assessor is in excess of $9,000,000 (pending). The Floor Area Ratio (FAR) of 6.0 (4.9 used), allows construction on the roof if not seen from the street.