Overview

Description

Rosewood Realty Group has been exclusively engaged to offer for sale all of Debtor’s right, title and interest in and to Debtor’s combined 100% limited liability company membership interest in 162-164 82nd St. LLC, (collectively, the “Collateral”) to the highest qualified bidder at a public (online) auction.

162-164 East 82nd Street are 2 contiguous apartment buildings located between 3rd and Lexington Avenues in the prime Yorkville neighborhood of the Upper East Side. Totaling 19,670 SF, the apartment buildings consist of thirty seven (37) residential units, thirty two (32) of which have been beautifully renovated. The properties are comprised of 68% free market units providing ownership the opportunity to raise rents to meet the market. The buildings are surrounded by top restaurants, boutiques, art, and shopping and are located in close proximity to Central Park, the MET Museum, Serafina, Fairway Market, and the Q, 4, 5, & 6 subway stations.

Highlights

• Two contiguous pristine multifamily buildings
• 37 units, 32 of which are beautifully renovated
• 68% Free Market apartments
• 20 out of the 25 FM units are getting significantly below market rents
• Opportunity to increase rents upon vacancy
• New roof, boiler and hot water system
• Prime Yorkville, Upper East Side

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