Multi-family

Property Description for 205 Henry Street, New York, NY, 10002

Prime Investment Opportunity in Lower Manhattan

Address: 205 Henry Street, New York, NY, 10002
Price: $3,300,000 ($330,000/Unit)
Cap Rate: 9.56%
Sale Type: Investment
Type: 3-Star Mid-Rise Apartments
Gross Building Area (GBA): 4,872 SF
Units: 10
Stories: 3
Typical Floor Area: 1,624 SF
Class: B
Location: CBD (Central Business District)

Overview:
Located in the vibrant Lower Manhattan area, this 3-star mid-rise apartment building offers a rare opportunity for investors seeking high-cap-rate properties. With a cap rate of 9.56%, 10 units, and a GBA of 4,872 SF, this property combines strong income potential with a desirable location.

Key Features:

High Cap Rate:
Achieve a significant return on investment with a cap rate of 9.56%, providing stable and profitable rental income.

Central Location:
Situated in the heart of Manhattan’s Central Business District, the property benefits from excellent access to retail, dining, and transportation options, ensuring high tenant demand.

Efficient Layout:
With 10 units spread across three stories and a typical floor area of 1,624 SF, the property offers functional and spacious living arrangements for tenants.

Mid-Rise Appeal:
As a 3-star Class B mid-rise apartment building, this property caters to market-rate renters seeking quality accommodations at competitive pricing.

Investment Versatility:
The property suits various investment strategies, whether focusing on steady rental income or future redevelopment opportunities in a high-growth area.

Proximity to Amenities:
The location offers unparalleled access to parks, schools, and cultural attractions, making it an attractive rental option for urban dwellers.

Highlights:

This mid-rise apartment building represents a solid investment in a prime Lower Manhattan location. With its combination of a high cap rate, central location, and market-rate rental units, this property is an exceptional opportunity for investors seeking long-term returns.

Capitalize on this rare offering and position yourself for success in Manhattan’s competitive real estate market.