This property is being sold as a land development opportunity as current use 10 unit rental apartment building does not justify the cost , this property is zoned as TC1 zoning for 125 feet 69000 sqft buildable area either for hotel , micro unit apartments , retail at the bottom etc, that means we wont be providing you with current rent roll NOI, CAP , OM etc as it will be of no use. So if you are developer , builder looking for a prime piece of land / property on the water to build develop nice hotel / condo development then please contact us. If you are looking for strictly multifamily existing property please look other properties ion next street as they are lot cheaper as zoning is different.
