286 Broome Street

Broome & Allen-Manhattan Lower East side/Off Chinatown prime location! Original owner for 40 years! Very well maintained 5 story building 8 Family walk up plus 2 storefront with 1st Storefront 1,700 sq. ft with extension on short term lease (t plus additional 1,000 finished basement with it separate front entrances & back exit, 3/4 bath & high 10 ft ceiling, new ceramic floors, Heat & more! 22 ft wide building by 69 sq ft deep!! Large private enclosed backyard! Fire escape! Building approx. 10,779 total sq ft not including basement! Property on a 21.92 ft x 102.08 ft lot size! Possible 2 vacancy above store! Owner recently finished & renovated entire basement, New updated Electric line, New gas line- Gas boiler & new Hot water system, Intercom system, stairs & much more!!! Air rights of 1,834 still available with potential to extend property and maximize usage. CAP rate with projected upside potential! Low Real Estate taxes $ 16,434 annually! Leases expiring soon! DHCR plus OM & more information will be provided at showing with NDA signed first! Fully 100% occupy building ALL tenant pays on time! Buy today before prices skyrockets! Property is located in the section of the Lower East Side currently converting to a new wave of businesses consisting in restaurants, bars, cafes and retail. The building is just 3 blocks away from Houston Street featuring Essex common, the best dive bars, old school music venues, posh cocktail lounges and hip restaurants the city has to offer. The Lower East Side was once considered a grungy neighborhood, but over the past couple of decades increasing numbers of NYU students and newcomers to the city have settled there, bringing with them a more mainstream vibe. Near trains, buses & much more!