PLEASE READ BEFORE INQUIRING --RENT STABILIZED--INVESTORS ONLY PRIME INVESTMENT OPPORTUNITY--INVESTORS ONLY--The apartment is occupied by a rent stabilized tenant. Rent-stabilization requires automatic renewals and any increases are governed by the Rent Stabilization Board of NY. Shares: 1290 Current Rent: $2,039.42 Current Maintenance: $2,055.74 This rent-stabilized Loft 2-bedroom, 1-bathroom apartment offers an excellent investment opportunity for long term appreciation. The approximate FREE MARKET value of the apartment is $600,000. After the current tenants move out, you will have the option to sell as is or renovate and sell at a larger profit. The apartment is south facing and features 12 ft ceilings with floor to ceiling windows. Currently in estate condition and approximately 1,100 sf including the loft, the apartment provides an excellent space in a thriving neighborhood. Situated on the 6th floor of a full-time doorman/elevator building, this incredible apartment also grants access to the European-style lobby with a concierge and seating area. Additionally, residents can savor breathtaking panoramic city views from the huge roof deck. Convenient amenities include washer/dryer units on each floor, ensuring a comfortable lifestyle. Located in the highly sought-after Gramercy Park-Kips Bay area, this beautiful home immerses you in the vibrant energy of one of NYCs liveliest neighborhoods. Within a stones throw, youll find a plethora of local businesses, restaurants, bars, cafes, supermarkets, and shopping options. Commuting is a breeze with proximity to 6/R/W trains and a short walk to F/M/L/Q/N/4/5 and Union Square Station.