Studio, $600,000

Property Description: Brand New Commercial Condominium. This is a cellar space with 2,443 gross area square ft. and 2,158 unit exclusive use area square ft. Thismixed use unit can be used for any legal commercial purpose subject to zoning restrictions. The unit has very low carrying charges and has applied for a 10 year 421A Tax abatement. Estimated Monthly common charges are $300.50 Real Estate Taxes w/ 421A benefits are $538.37 per month. Without the 421 benefits taxes are: $701.45 per month. Location Description: Location is in one of Manhattan’s most dynamic neighborhoods. With several large developement projects underway in the immediate vicinity; including but not limited to the New Avalon Chrystie Luxury rental Develpment which will contain a Whole foods Gourmet Grocery S ...(show more) tore and high end retail. Another new Developement in the area worth mentioning is the new Hotel on Rivington; a 26 story glass tower situatedin the heart of Manhattan’s hip and Historic Lower East Side, All just steps away from this commercial ownership opportunity. No. Stories: 8 Property Types: Retail (Other) Highlights Commercial Condo Great Location New Developement Low Carrying Charges 10 Year tax abatement Mixed-Use (any legal purpose) (Internet 5457502)