Multi-family
Screenshot
For Sale
Multi-family
114, Stanton Street, Lower East Side, Manhattan, New York County, City of New York, New York, 10002, United States
Description
Located at 114 Stanton Street, New York, NY, 10002, this 2-star mid-rise apartment building is an attractive investment opportunity in the Lower East Side. Priced at $4,650,000 (approximately $775,000 per unit), it boasts a cap rate of 4.48%, indicating steady income potential in a vibrant market.
Property Overview:
- Price: $4,650,000
- Units: 6
- Average Unit Size: 900 SF
- Gross Building Area (GBA): 6,500 SF
- Stories: 6
- Typical Floor Size: 1,417 SF
- Class: C
- # of Buildings: 1
- Units per Acre: 150/AC
- Rent Type: Market
Key Features:
- Prime CBD Location: Situated in the heart of the Lower East Side, the property is surrounded by a mix of cultural landmarks, retail stores, and dining hotspots, ensuring high tenant demand.
- Spacious Units: With an average unit size of 900 SF, the apartments offer generous layouts, appealing to renters seeking more space in a bustling urban environment.
- Steady Revenue Potential: The 4.48% cap rate highlights consistent income, making it ideal for investors looking for stability.
- Solid Construction: Class C designation ensures a reliable structure with room for upgrades to further enhance value.
Conclusion:
The property at 114 Stanton Street presents an excellent opportunity for investors seeking to expand their portfolio with a well-located, income-generating asset in one of Manhattan’s most sought-after neighborhoods. Its combination of size, location, and revenue potential makes it a compelling investment in New York City real estate.
