An excellent investment opportunity in the heart of New York City’s Lower East Side, 232 Broome Street is a 16-story, high-rise apartment building with 18 units available for sale at $35,000,000. Situated in a bustling central business district (CBD), this property spans a gross building area of 28,941 sq. ft. and is priced at $1,944,444 per unit, offering unique investment potential in a vibrant urban neighborhood.
- Address: 232 Broome Street, New York, NY 10002
- Sale Price: $35,000,000 ($1,944,444 per unit)
- Gross Building Area (GBA): 28,941 sq. ft.
- Typical Floor Size: 1,809 sq. ft.
- Units: 18
- Stories: 16
- Building Class: C
- Units per Area: 148 units/AC
Key Features:
Spacious Multi-Unit High-Rise
This 2-star, Class C high-rise property encompasses 18 well-appointed units across 16 floors, providing ample square footage and open floor plans that offer flexibility for tenant customization. Each floor features approximately 1,809 sq. ft., making it ideal for residents seeking spacious and comfortable living spaces in the city center.
Prime Lower East Side Location
Positioned in the Lower East Side’s central business district, this property is surrounded by dynamic amenities including renowned dining, retail, and cultural destinations. Its location in a thriving neighborhood ensures constant demand from a diverse tenant base, from professionals working in nearby commercial areas to residents drawn to the area’s lively social scene.
Strong Investment Opportunity
With a competitive per-unit price of $1,944,444 and a market-rate rental structure, 232 Broome Street offers robust income generation potential. The property’s central location and high visibility enhance its desirability among tenants, promising strong occupancy rates and steady rental income.
Exceptional Accessibility and Urban Amenities
Residents enjoy easy access to multiple subway lines and major transit routes, as well as the convenience of nearby shopping, educational institutions, and healthcare facilities. This central location is highly attractive to tenants looking for an urban lifestyle with unparalleled accessibility to all of Manhattan’s key areas.
Conclusion:
232 Broome Street is an ideal investment property in the Lower East Side, combining prime location, high occupancy potential, and solid income generation in a rapidly evolving neighborhood. Its blend of size, location, and urban appeal makes it an exceptional addition for investors seeking a high-value asset in New York City’s competitive real estate market.
