Located in the vibrant neighborhood of the Lower East Side, just a half block from famous Tompkins Square Park, this 4 family townhouse was created in 2001 by a builder/owner who loves his work. Constructed of steel and concrete, 203 East 7th Street has all market-rate apartments: 2 duplexes and 2 floor-thrus, each with high end finishes, washer/dryer and three apartments have large outdoor space. The builder/owner's attention to detail and high level construction is apparent throughout. Heating is cast iron hot water baseboard with individual gas boilers for each apartment. Tenants pay their own electric and gas. The design of the house is strictly contemporary and fits well with the Lower East Side environs.
All apartments are fair market rentals and all rents are below market rates.
Garden Duplex: The entry floor of this duplexed garden apartment has a well designed kitchen and an open layout to the living and dining area. There is a bedroom and bath to the rear. At the lower level of this duplex are a recreation space, powder room and washer/dryer. This apartment has private use of the tiled rear yard.
Unit 2: A full floor one bedroom apartment in this 20' wide house, there is also a stairway leading down to the upper level of the rear garden. Three windows across the front overlook East 7th Street. Loads of closets, a washer/dryer, and the large bedroom are in the rear. The bedroom has an additional walk-in closet plus an alcove that could be used for more storage or as a home office.
Unit 3: A full floor one bedroom apartment in this 20' wide house, this floor-through unit has brilliant light flooding the front and rear and skyline views.
Penthouse Duplex: On the 4th and 5th floors of 203 East 7th Street is a sprawling two bedroom/2 bathroom home with office and large private roof terrace. There also is a balcony off the rear bedroom.
Actual annual rent roll is $222,000.
Estimated Annual Expenses:
$54,061 Real Estate Taxes $ 4,500 - Insurance $2,000 - Con Ed (Common Areas) $1,600 - Water/Sewer