Listed by Compass
$5,295,000
Prime East Village
Details
Property Type Multifamily, Land
Sub Type Apartment Building
Square Footage 3,800
Units 4
Cap Rate 5.00%
NOI $304,144
Occupancy 100%
Pro-Forma Cap Rate 8.00%
Pro-Forma NOI $456,659
Price per SqFt $1,498
Class A
Year Built 1920
Stories 5
Lot Size (SqFt) 980
Zoning E8B
Investment Type Value Add
Ownership Fee Simple
Prime East Village |4 Units | 100% Free Market | 5% Cap
Marketing description
The East Village remains one of Manhattan’s most supply-constrained and resilient submarkets. Defined by its classic pre-war walk-up inventory, authentic character, and proximity to NYU and Lower Manhattan employment centers, the neighborhood consistently attracts strong tenant demand, particularly from young professionals and students.
Limited new development opportunities and strict zoning preserve the existing housing stock, creating upward pressure on both rental rates and asset values. Historically, the East Village has demonstrated consistent rent growth, low vacancy rates, and strong liquidity for stabilized assets, making it a highly attractive submarket for long-term investment and value appreciation.
Listing Contacts
Listed by Compass
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$304,144.00
$25,345.33/mo
Valuation Metrics
0
DSCR
5.74%
Cap Rate
5.74%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
