Multi-family

Situated in the Central Business District (CBD) of New York City, 428 E 13th Street is a rare investment opportunity for those seeking a residential property with high rental income potential. With a sale price of $7,000,000 ($1,750,000 per unit), this 2-star mid-rise apartment building offers a strategic location with four residential units.

Property Highlights

• Sale Price: $7,000,000
• Units: 4
• Gross Building Area (GBA): 7,150 SF
• Typical Floor Size: 1,788 SF
• Stories: 4
• Building Class: C
• Rent Type: Market
• Location: Central Business District (CBD)

Key Features

1. Premium Investment Opportunity: Priced at $1,750,000 per unit, this property offers a significant return on investment, ideal for high-net-worth individuals or investment firms.
2. Spacious Layouts: Each of the four units offers large living spaces with an average floor size of 1,788 square feet, offering flexibility for renters and adding to the property’s desirability.
3. Strategic Location: Located in one of Manhattan’s vibrant neighborhoods, the building benefits from strong demand for rental properties, ensuring a steady income stream for investors.
4. Building Characteristics: Classified as a 2-star property with Class C designation, this mid-rise apartment building is built with durable construction and offers the potential for further value through upgrades or renovations.

Conclusion

428 E 13th Street represents a fantastic investment opportunity in New York’s competitive real estate market. With its prime location in the CBD and spacious units, this property is perfect for investors looking to generate steady income from market-rate rentals.