717 S. S. REALTY, LLC 717 E 5th St

22 Unit Apartment Building $7,900,000 ($359,091/Unit) 4.83% Cap Rate New York, NY 10009

INVESTMENT HIGHLIGHTS

  • 5 STORY, 22 UNIT BUILDING FOR GREAT INCOME
  • IN EAST VILLLAGE

EXECUTIVE SUMMARY

Embrace the essence of New York City with this exceptional 5-story, 22-unit building located in the heart of East Village on East 5th Street. Built in 1920, this architectural masterpiece combines timeless elegance with modern convenience, offering a prime opportunity for investors. Boasting an annual income of approximately $560,000, this property presents a lucrative investment opportunity. Nestled in one of NYC's most sought-after neighborhoods, there is access to an array of amenities, including dining, boutiques, and attractions. With its vibrant atmosphere and eclectic charm, East Village embodies the dynamic spirit of Manhattan. If you're looking to expand your investment in the heart of the city, this 5-story gem offers the perfect opportunity!

PROPERTY FACTS

Price $7,900,000
Price Per Unit $359,091
Sale Type Investment
Cap Rate 4.83%
No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.06 AC
Building Size 10,000 SF
No. Stories 5
Year Built 1920
Opportunity Zone Yes

UNIT AMENITIES

  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Laundry Facilities
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (98)

PROPERTY TAXES

ZONING

Zoning Code R8B (multi fam)
  • Listing ID: 31730522

  • Date on Market: 5/7/2024

  • Last Updated:

  • Address: 717 E 5th St, New York, NY 10009