269-271 E Houston St | New York, NY 10002
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269-271 E Houston St
New York, NY 10002
Houston on Suffolk Apartments · Multifamily Property For Sale · 17 Units
Executive Summary
The New York Multifamily team is pleased to exclusively offer 188 Suffolk Street for sale, in the heart of the Lower East Side neighborhood of
Manhattan. Located on the Southeast corner of East Houston and Suffolk Street, this 17-unit mixed-use investment opportunity is comprised of
approximately 12,200 square feet. The property is built 38’ x 56’ and sits on a 38’ x 60’ lot (Block: 350 Lot: 12). The property is zoned R8A.
Manhattan. Located on the Southeast corner of East Houston and Suffolk Street, this 17-unit mixed-use investment opportunity is comprised of
approximately 12,200 square feet. The property is built 38’ x 56’ and sits on a 38’ x 60’ lot (Block: 350 Lot: 12). The property is zoned R8A.
PROPERTY FACTS
| Price Per Unit | $514,706 | Apartment Style | Mid Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.90% | Lot Size | 0.05 AC |
| Gross Rent Multiplier | 9.8 | Building Size | 12,200 SF |
| No. Units | 17 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment |
| Price Per Unit | $514,706 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 12,200 SF |
| No. Stories | 6 |
| Year Built | 1920 |
Unit Amenities
- Air Conditioning
- Refrigerator
Site Amenities
- Controlled Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 500 |
| 1+1 | 6 | - | 650 |
| 2+1 | 2 | - | 900 |
| 3+1 | 3 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 0350-0012 | Improvements Assessment | $1,523,500 |
| Land Assessment | $270,000 | Total Assessment | $1,793,500 |
PROPERTY TAXES
Parcel Number
0350-0012
Land Assessment
$270,000
Improvements Assessment
$1,523,500
Total Assessment
$1,793,500
zoning
| Zoning Code | R8A (Residential Mid-Rise) |
| R8A (Residential Mid-Rise) |
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