336 E 30th St 9 Unit Apartment Building $4,750,000 ($527,778/Unit) New York, NY 10016
INVESTMENT HIGHLIGHTS
- 9-Unit Mixed-Use Walkup Building
- 22' of Frontage Along East 30th Street
- Ideal for Any Professional User
- 90% Free Market
- Strong In-Place Cash Flow
- Additional Value-Add Potential
EXECUTIVE SUMMARY
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 336 East 30th Street, a 22.5’ wide, 5 story mixed-use walk-up building located on the south side of East 30th Street between First and Second Avenues in the growing Kips Bay neighborhood.
The approximately 6,502 SF ± building consists of eight (8) one-bedroom front and rear apartments, one (1) of which is rent stabilized, and one (1) medical/community facility space on the ground floor which is currently vacant. The building is ideal for either a user who can occupy the ground floor space with any professional use such as a doctor’s office, or a value-add/opportunistic investor seeking a multifamily renovation project that is positioned to benefit from the resurgence of New York City in one of the best
rental markets the City has to offer.
336 East 30th Street is zoned R7B and is within walking distance to the 6 train, which links up with nearly every major subway line allowing access to all parts of New York City and the boroughs. The property is positioned just two (2) short blocks from NYU Langone and the Bellevue Hospital Center. Additionally, the building is located just twelve (12) blocks south of Grand Central Station, allowing access to all major submarkets in the Tri-State.
The approximately 6,502 SF ± building consists of eight (8) one-bedroom front and rear apartments, one (1) of which is rent stabilized, and one (1) medical/community facility space on the ground floor which is currently vacant. The building is ideal for either a user who can occupy the ground floor space with any professional use such as a doctor’s office, or a value-add/opportunistic investor seeking a multifamily renovation project that is positioned to benefit from the resurgence of New York City in one of the best
rental markets the City has to offer.
336 East 30th Street is zoned R7B and is within walking distance to the 6 train, which links up with nearly every major subway line allowing access to all parts of New York City and the boroughs. The property is positioned just two (2) short blocks from NYU Langone and the Bellevue Hospital Center. Additionally, the building is located just twelve (12) blocks south of Grand Central Station, allowing access to all major submarkets in the Tri-State.
PROPERTY FACTS
| Price | $4,750,000 |
| Price Per Unit | $527,778 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 6,502 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | R7B |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 0935-0041 | Improvements Assessment | $643,684 |
| Land Assessment | $330,750 | Total Assessment | $801,671 |
