21 E 7TH ST New York NY 10003-8057

Investment Description: Located in the heart of the East Village on the North side of East 7th Street between 2nd and 3rd Avenues, this 17-unit mixed-use property is comprised of approximately 15,000 square feet with 52’ of frontage. The property sits on a 52’ x 75’ lot (Block: 463 Lot: 46) and is built 52’ x 54’. The property is zoned R8B. The Opportunity: This five-story, pre-war, mixed-use building contains 2 retail tenants and 15 residential units. There are 14 one-bedroom apartments and 1 two-bedroom unit. With month-to-month leases, all 12 of the free-market units offer immediate upside given the strength of the current rental market coming off the heels of depressed COVID rents. Additionally, the 2 rent-regulated units have a relatively strong average rent of roughly $2,392 per month. Finishes in most units include exposed beams, exposed brick, recessed lighting, dishwashers, and renovated bathrooms/kitchens. Economies Of Scale: 21-23 East 7th Street creates the ability to gain an immediate presence in the East Village with a single purchase. Spanning roughly 15,000 square feet and boasting 52’ of frontage on the block, this 17-unit property will be ideal for a first-time Manhattan purchaser or any investor looking to expand their current holdings in the immediate area. This property also has approximately 1,200 SF of untapped air rights that can be creatively used to increase the usable square footage further.

• Trophy Location Asset in the Heart of the East Village
• Offered at $850 / Sq. Ft.
• 17-Units Spanning Roughly 15,000 Sq. Ft. Boasting over 50' of frontage on East 7th Street
• Conveniently Located within Blocks of the 4, 6, C, F, L, N, Q, R, & W Subway Lines
• First Sale after 60 Years of being owned and operated by the same family