114 Stanton Street Hits the Market for $6.75M

Posted on: March 28th, 2014 at 6:09 am by
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The mid-block tenement at 114 Stanton Street was recently listed on the open market. Massey Knakal is hawking the white-faced property for a cool $6.75 million.

The six-story building carries five residential units, and the Lindsay Thornburg boutique in the commercial space (previously Foley + Corinna). Real estate literature reveals that the store itself is on a month-to-month rental situation.

There are no air rights available for this property since it’s already “overbuilt” (meaning, bigger than the zoning for that parcel allows).

The subject property is a 5 story mixed-use building on the north side of Stanton Street, between Ludlow and Essex Streets. The building consists of 5 residential units and 1 retail unit on the ground floor. In addition, there is floor used as storage space. The ground floor has 12 foot ceiling heights and a renovated/usable basement with 7′ ceiling heights. All utilities are submetered including heat, hot water, gas, and electricity. The property is ideal for an end user interested in occupying a portion of the building.

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