1 bed, 1.0 bath, 4700 sqft, $6,500,000

This exceptional 1926 four story loft brownstone building is a great investment property. Located in the heart of Chelsea, one of the most desireable neighborhoods in New York City. This loft building once was the studio and residence of the Dutch born, American abstract expressionist artist, Willem de Kooning from 1936 until 1946. The commercial unit occupies the store front, storage basement and private garden. Each unit is occupied. The owner will vacate his loft or remain as a tenant. All units are at free market rental values and has a high rent roll. Because of the unusually low expenses there is the potentional for a healthy profit. Each unit pays their individual utilities. The Cap Rate is 5.5% (furnished units).