The subject property is a Landmark five story building located in a busy block, right on Lexington Avenue and 70th Street.
In the commercial component of this multi-unit townhouse is a pizzeria which occupies the grand floor and a spa on the second floor. The restaurant-pizzeria is a very popular neighborhood destination.
The remaining floors consists of three (3) full floor apartments. All 3 residential units are free market and have been recently renovated except for the fifth floor. Each 1BR + Home Office apartment measures approximately 1000sqft.
The restaurant space is 1,500 SF, not including the basement, while the retail space on the second floor is about 1000SF.
The fully occupied 25ft wide Townhouse, on this sought-after block, gives an investor/buyer the right cash flowing asset.