Turnkey Multifamily Investment – 127 Stanton Street
Address: 127 Stanton Street, New York, NY, 10002
Asking Price: $4,000,000 ($400,000/Unit)
Cap Rate: 6.09%
Sale Type: Investment
Asset Type: 2-Star Mid-Rise Multifamily
Location: CBD – Lower East Side
Units: 10 Residential Units
Stories: 5
Building Class: C
Gross Building Area (GBA): 6,875 SF
Typical Floor Plate: 1,338 SF
Buildings on Site: 1
Unit Density: 250 Units/AC
Market Segment: All
Rent Type: Market Rate
Property Overview:
127 Stanton Street presents an exceptional opportunity to acquire a fully-leased, income-producing multifamily asset in the heart of Manhattan’s dynamic Lower East Side. This five-story walk-up building features 10 market-rate apartments across 6,875 square feet and generates a strong in-place cap rate of 6.09%, ideal for investors seeking stable returns in a high-demand submarket.
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Investment Highlights:
✔ Core Downtown Location: Situated near the intersection of Stanton & Essex Streets—surrounded by restaurants, nightlife, boutique retail, and cultural hotspots.
✔ Market-Rate Units: All 10 residential units are stabilized at market rents, providing excellent cash flow and minimal management complexity.
✔ Attractive Cap Rate: 6.09% cap rate in a historically appreciating neighborhood with high rental demand.
✔ Efficient Layout: Average floorplate of 1,338 SF allows for well-proportioned units in a highly walkable block.
✔ Value & Growth Potential: Continued upside in rents and potential long-term appreciation in a highly coveted downtown market.
Property Summary:
- Price: $4,000,000
- Cap Rate: 6.09%
- Units: 10
- Stories: 5
- Building Area: 6,875 SF
- Type: 2-Star Mid-Rise Apartments
- Rent Structure: Market Rate
- Zoning & Location: Within Manhattan’s CBD – High Foot Traffic, Transit-Connected
Conclusion:
127 Stanton Street is a rare chance to secure a fully-occupied, market-rate multifamily building in one of Manhattan’s most energetic and culturally rich neighborhoods. With strong in-place income, future upside potential, and an unbeatable Lower East Side location, this offering is ideal for seasoned investors seeking both yield and long-term value.
Contact us today for the rent roll, OM, and to schedule a private tour.
