Approved for 15 residential condos. That's about 1500sf ea with no common areas left over. Elevator, garage, 10 - 12' ceilings, stairwell. $500,000.00 divided by 15 = $33,333.00 with no improvements. As rentals 15 x say $1000.00 pr mo (round number if you could get that) = $15,000.00 per month, $180,000.00 annual. Most desirable as a live work artists space. 3.5 floors means the top 6,000sf (4th floor has a pitched ceiling w a couple of dormers. Based on visual appearance.)
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- bill 4-18-2012 2:44 pm