249 E Houston St

A true rarity, one of the only residences on East Houston Street, comes to the market for the first time in over 20 years. Filled with original details and charm, the 19 foot wide building is currently configured on four levels plus a sub basement with 3 apartments, one per floor. The building is currently 2799 square feet with tons of available square footage if you'd like to enlarge the building. It has been used as a home for 20 years. It can be configured into a single family residence, or live in an income generating home. For the investors, the building is currently set up into three units. In AS IS condition, the parlor floor can rent for $3,000/month, the third floor can rent for $3000/month and the fourth floor with access to roof can rent for $4000/month. With extremely low taxes of $6000 on an annual basis, this is a fantastic return!For the developers- The timing cannot be anymore perfect, with all of the new developments, new restaurants and bars coming into the neighborhood it is the ideal time to get in before you are out priced of the neighborhood. Zoning code is R8A with an overlay of C-3. FAR available is 6, 1.99 is currently being used. Boutique condominium, Trophy mansion... there are endless opportunities.