Multi-family

Prime Investment Opportunity at 118 E 18th Street, New York, NY, 10003

For Sale Price: $9,700,000
Cap Rate: 4.94%
Property Type: 3-Star Townhome Apartments
Building Class: B

Nestled in New York City’s Central Business District (CBD), this 5-story townhome apartment building presents a rare investment opportunity in Manhattan’s highly desirable Gramercy Park neighborhood.

Property Details

• Units: 7
• Total Gross Building Area (GBA): 8,250 SF
• Typical Floor Size: 1,650 SF
• Stories: 5
• Buildings: 1
• Units per Area: 140/AC

Investment Highlights

• Market Segment: Serving the Market Rent category, this property ensures stable occupancy and consistent rental income.
• Prime Location: Situated in a coveted area of the city, the property offers easy access to Gramercy Park, Union Square, and an array of restaurants, boutiques, and transportation options.
• High Revenue Potential: With 7 well-designed residential units, this property is poised to deliver strong rental income in one of Manhattan’s most sought-after neighborhoods.
• Boutique Asset: The building’s modest unit count and premium location make it an ideal acquisition for investors seeking exclusivity and a tailored portfolio addition.

Additional Features

• Class B Property: A high-quality asset with opportunities to enhance value through modern upgrades.
• Steady Returns: With a cap rate of 4.94%, this property balances investment security with strong long-term income potential.
• Modern Townhome Style: Attractive design and layout make this property competitive in a tight rental market, appealing to professionals and families alike.

This 3-star townhome apartment building offers an excellent opportunity to invest in a boutique asset with steady revenue potential and a prime location in one of the most vibrant markets in Manhattan.

Contact us today for more information or to arrange a private viewing of this exceptional property.