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299-301 E 8th St
New York, NY 10009

Multifamily Property For Sale · 30 Units

Investment Highlights

  • Value-add Opportunity
  • Adjacent to Tompkins Square Park
  • Heart of the East Village

Executive Summary

Jones Lang Lasalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 299 East 8th Street (“The Property”), a 18,732 square foot multifamily building located on the north side of East 8th Street between Avenue B & Avenue C in the heart of the East Village. The property has 30 residential units which are 46% free market and 54% rent stabilized. Four of the units are one-bedroom and 26 of the units are two-bedrooms. Situated in the East Village, the Property is located in one of the most desirable pockets in Lower Manhattan for young professionals, and presents an investor a unique opportunity to undergo significant value-add renovations to drive building value.

PROPERTY FACTS

Price Per Unit $300,000
Sale Type Investment
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.10 AC
Building Size 18,732 SF
No. Stories 6
Year Built 1900

Unit Amenities

  • Cable Ready
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Satellite TV
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Public Transportation
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0391-0059
Land Assessment
$315,000
Improvements Assessment
$1,525,670
Total Assessment
$1,840,670

zoning

Zoning Code R72
R72
  • Listing ID: 33915941

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 299-301 E 8th St, New York, NY 10009

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