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  1. Hell's Kitchen Development Opportunity

    $21,000,000

    Hell's Kitchen Development Opportunity

    New York, NY

    These two lots with 32,000± BSF will be delivered vacant and are just two blocks from the 42nd Street – Times Square Station on the [1, 2, 3, 7, A, C, E, N, Q, R, & W] trains. Ideal for a hotel or multifamily development.

  2. 506 East 6th Street

    $4,500,000

    506 East 6th Street

    New York, NY

    Besen & Associates, as exclusive agent for Ownership, is pleased to offer for sale 506 East 6th Street, New York, NY 10009 (the “Property”) located in the East Village neighborhood of New York City.   The existing Property consists of a 5-story walkup building with 14 apartments (11 FM / 3 RS), totaling approximately 6,825± square feet. Built circa 1920 and renovated in 1987, the Property is ideally located on the south side of East 6th Street between Avenue A & Avenue B in the heart of the East Village, and within walking distance of the M14A bus, the L train on 14th Street, the 6 train at Astor Place, and the 2nd Avenue F train along Houston Street.   The 100% occupied Property, which is situated one block south of Tompkins Square Park and minutes from the FDR Drive, is comprised of nine (9) studios and five (5) one-bedroom residential units. The studios are averaging $1,700/month and the one-bedroom units are averaging $2,375/month, which represent a 25%-30% discount to current market rates. The 14 apartments overall are renting at well below market rates with an average monthly rent of $1,950, offering significant upside to new ownership.   In summary, the in-place rents at the Property are substantially below market and the building is in good physical condition and has been very well maintained, evidenced by its continuous 100% occupancy. As the East Village continues to develop, 506 East 6th Street is well positioned to take advantage of the continued high demand for this neighborhood, the increasing market rents, and the opportunity for an investor to reposition the tenancy and capture the upside potential.

  3. 12-Story Chelsea Office-Loft Building

    $21,500,000

    12-Story Chelsea Office-Loft Building

    New York, NY

    Built in 1910, this 12-story loft building with 11 apartments and 6 stores consists of 43,393± SF. Last application to convert building to full residential use was rejected. IMD tenenats. Asking $600 per square foot.   $3 Million in building upgrades includes two new elevators; new lobby, entrance, and storefront; retail gutrenovated in 2015; new plumbing; new electric service and panels; new security cameras and intercom system; and fully sprinklered.

  4. Olinville Ground Floor Retail Condo

    $5,100,000

    Olinville Ground Floor Retail Condo

    Bronx, NY

    Built in 2007, this ground floor retail condo with 10,890± SF is currently tenanted by a supermarket. Real 6% cap rate.

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