Multi-family

Located at 86 Clinton Street, this exceptional multi-family apartment building offers a unique opportunity to acquire a well-positioned asset in one of New York City’s most dynamic neighborhoods. With a combination of spacious units and a strategic location, this property stands out as an ideal investment for both seasoned investors and those looking to enter the residential market.

Property Overview:

• Address: 86 Clinton Street, New York, NY 10002
• Asking Price: $9,000,000 ($491,667/Unit)
• Sale Type: Investment
• Property Type: 2-Star Mid-Rise Apartments
• Location: Central Business District (CBD)
• Units: 18
• Stories: 5
• Class: C
• Gross Building Area (GBA): 8,406 sq. ft.
• Typical Floor Area: 1,680 sq. ft.
• Number of Buildings: 2
• Units per Acre: 314/AC
• Market Segment: All
• Rent Type: Market

Key Features:

Strategic Lower East Side Location:
86 Clinton Street benefits from its position in the Lower East Side, one of Manhattan’s most exciting and rapidly evolving neighborhoods. Known for its rich history, vibrant arts scene, trendy dining, and nightlife, this location ensures strong demand from tenants and the potential for long-term appreciation.

Spacious and Flexible Units:
The building comprises 18 units, with an average floor size of 1,680 sq. ft. These spacious units cater to a variety of tenants, offering flexible living arrangements in a highly desirable area. The layout of the units provides tenants with ample space, ideal for long-term residence or high-quality rentals.

Investment Potential with Strong Market Demand:
As a Class C, 2-Star mid-rise apartment building, this property provides an appealing entry point for investors looking to capitalize on a market with steady demand and future growth potential. The market rent type offers the opportunity for stable cash flow, with potential for rent increases in the future given the location and demand for housing in the Lower East Side.

Boutique Building with Two Separate Structures:
The property is composed of two buildings, providing a boutique-like feel and a level of privacy that tenants in larger complexes may not enjoy. This unique layout allows for a variety of leasing options, whether for long-term rentals or short-term use.

Conclusion:
86 Clinton Street is an outstanding opportunity for investors seeking a prime residential asset in Manhattan’s Central Business District. With its spacious units, strategic location, and growth potential in the Lower East Side, this property offers excellent value and long-term profitability. Whether you’re an established investor or new to the market, this property provides an excellent opportunity to capitalize on the thriving Manhattan real estate market.