Venture Capital Properties has been retained exclusively to arrange for the sale of Two Adjacent 5-Story Mixed-Use Buildings at 1904-1906 Third Avenue located on the northwest corner of Third Avenue and East 105th Street in East Harlem.
The combined properties consists of 20 Apartments and 3 Retail Stores in addition to a revenue-generating antenna. This strong value add asset offers upside potential as only 50% of the units are Free Market and need renovation.
6 Units paying a Preferential Rent.
Average Rents are 30-35% below free market value.
10 Apartments are Free Market, 9 are Rent Stabilized, and 1 is Rent Controlled.