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21 DOWNING ST |West Village
$7,450,000
Studio
Time on market: 98 days
Taxes/Maintenance: $0
Property type: Multi-family
Courtesy of Halstead Property, LLC
The approximately 4,000 square foot building is in pristine condition and features 3 floor-thru one bedroom market-rate apartments, all three with central air and a washer dryer. Each apartment gets its own private outdoor space: the second floor has a large deck, and the third and fourth floors split the truly fabulous roofdeck, newly done with a gas grill and outdoor shower. The commercial duplex unit on the ground floor is gut renovated and includes a euro style kitchen and a bathroom on each floor. This rare offering represents a solid low-risk investment for the savvy buyer seeking reliable income and capital appreciation as well as the end-user wanting to live on an iconic West Village block with income as well. Entire building currently rented out for $28,400 per month, bu the top floor and ground could be delivered vacant if desired. The ground plus basement is presently set up as an office and is leased for $12,000 per month; the second floor is 1BR with private deck, leased for $5800; third floor leased for $4600 and 4th Floor leased for $6000. Yearly net income is $297,000 with a cap rate of 4 percent more
AMENITIES

Gas Heat
Pre-War Building
MORTGAGE CALCULATOR

Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $5,960,000
Term
30 Year Fixed
Rate
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