2291 7Th Ave New York, NY 10030

This exceptional mixed-use property at 2291 7th Avenue in New York, NY 10030, presents a compelling investment opportunity. The 2,867 square foot building boasts a strong 6.50% cap rate and a substantial net operating income (NOI) of $104,702. Situated on a 919 square foot lot, this four-story building features three units: two residential and one commercial. The commercial unit, a recently renovated duplex, is currently vacant, offering immediate flexibility for an owner-occupier or immediate rental income potential. The two residential units are currently occupied and well-maintained, generating rental income. The building is zoned R7-2 | C1-4. The asking price is $1,600,000, translating to $558 per square foot. The residential units currently rent at an average of $47 per net square foot, with significant upside potential upon tenant turnover, as comparable renovated units in the area command $60 per net square foot. This property offers a unique live/work opportunity in a desirable location with convenient access to public transportation and local amenities. The building's strong cash flow, combined with the potential for rental increases, makes this an attractive investment for both owner-users and investors seeking a high return on investment in a vibrant New York City neighborhood.