11 West 17th Street

> A 27' wide, 12 story plus basement, approximately 26,976 sq. ft. elevator apartment building located in the Flatiron District of Midtown South. > The subject property lies within the Ladies' Mile Historic District. > The building is comprised of a store on the ground floor and eleven (11) floors of apartments. All of the apartments are floor-through lofts except for the tenth floor which is divided into two units. There are eight (8) free market and four (4) rent stabilized apartments. The retail store has a lease that terminates on 7/31/06 and can be delivered vacant. There are no available development rights. > Actual Revenue: $711,756. Projected Expenses: $216,471 (Appx.). Net Operating Income: $495,285 (Appx.) > Great investment/conversion or user building.