370 East 32nd Street

Nicknamed Graysee Gray for its classic charcoal facade, this three-family property three blocks from the 2 and 5 subway lines and businesses on Nostrand Avenue offers a great income producing investment or potential opportunity to configure for personal use.

The exterior stairs lead you to the main entrance of the building to access the second and third floor residences. The second floor unit is currently configured as a three bedroom with two baths. There is direct garden access past a windowed storage vestibule. The top floor unit enjoys a spacious layout with generous space for both living and dining and is flooded with sunlight through an additional skylight. It includes separate access to the garden as well. The semi below grade unit has one bedroom plus an oversized home office or second living space which can effectively be used as a sleeping space.

All units have stainless steel appliances, central heat / AC, washer / dryers and have access to a well-maintained grassy communal backyard. Units are currently occupied with month-to month tenants who would prefer to remain.

Ground Floor - 1 Bedroom + home office / 1 Bath (rent $1850)
Second Floor - 3 Bedrooms / 2 Baths (rent $2450)
Third Floor - 3 Bedrooms / 2 Baths (rent $3050)

Over 5% cap rate at current below historical rents. At least 24-48 hours notice needed to show. Additional photos of other units - vacant - can be requested.