Multi-family

Residential Investment Property for Sale – 407 E 6th Street, New York, NY 10009

Asking Price: $5,400,000 ($1,350,000/Unit)
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: East Village / CBD
Availability: Immediate

Property Overview

407 East 6th Street offers a 4-unit multifamily investment property in the heart of Manhattan’s East Village. With a total gross building area of 5,182 sq. ft., this 5-story walk-up provides spacious units averaging 1,295 sq. ft. each. Fully market-rate, the property offers stable income with room for long-term rent appreciation. Its prime East Village location ensures strong demand from young professionals, students, and long-term tenants seeking proximity to nightlife, dining, and transit.

Key Features

• Price: $5,400,000
• Units: 4 (all market-rate)
• Price per Unit: $1,350,000
• Gross Building Area (GBA): 5,182 sq. ft.
• Average Unit Size: 1,295 sq. ft.
• Typical Floor Size: 1,321 sq. ft.
• Stories: 5
• Class: C
• Construction: Masonry (walk-up)
• Buildings: 1
• Units per Acre: 100

Rent & Market Profile

• Rent Type: 100% Market Rate
• Market Segment: All renters (students, professionals, long-term residents)
• Location Advantage: East Village offers one of Manhattan’s most dynamic rental markets, benefiting from strong tenant demand and limited multifamily supply

Investment Highlights

• Fully market-rate units with strong upside in rent growth
• Prime East Village location — a high-demand submarket of Manhattan
• Rare small-scale multifamily investment with large unit sizes
• Attractive per-unit pricing and long-term value potential

Summary

The 4-unit mid-rise at 407 E 6th Street represents a rare East Village investment opportunity, offering 5,182 sq. ft. of rentable space in one of Manhattan’s most dynamic rental submarkets. With market-rate tenants, large unit layouts, and stable income potential, the property is well-suited for investors seeking long-term appreciation and reliable cash flow.