Multi-family
Screenshot
For Sale
Multi-family
387, 6th Avenue, West Village, Manhattan, New York County, City of New York, New York, 10014, United States
Description
An exceptional investment opportunity in the heart of Manhattan’s Central Business District (CBD). Listed at $25,000,000 as part of a portfolio, this mid-rise apartment property offers a combination of prime location and consistent rental income potential.
Property Overview:
- Address: 387 Avenue of the Americas, New York, NY, 10014
- Listing Price: $25,000,000
- Sale Type: Investment (Part of a Portfolio)
- Property Type: 2-Star Mid-Rise Apartments
- Location: Central Business District (CBD), Manhattan
- Units: 4
- Stories: 4
- Class: C
- Gross Building Area (GBA): 6,810 SF
- Typical Floor Size: 1,430 SF
- Buildings: 1
- Units per Area: 100/AC
- Market Segment: All
- Rent Type: Market
Key Features:
- Prime Location: Strategically situated in Manhattan’s CBD, this property offers exceptional access to a bustling urban environment filled with business, retail, and dining options.
- Investment Potential: With 4 residential units across 4 stories, the property caters to market-rate tenants, ensuring stable rental income and potential appreciation.
- Efficient Layout: The 6,810 SF Gross Building Area is distributed across typical 1,430 SF floors, offering flexibility for tenant preferences.
- Thriving Neighborhood: Located in a vibrant area with high demand for housing, the property benefits from proximity to cultural attractions, transportation hubs, and commercial centers.
Conclusion:
387 Avenue of the Americas presents a rare chance to invest in a mid-rise apartment building in one of Manhattan’s most coveted neighborhoods. With market-rate units, a strong location, and excellent rental potential, this property is an ideal addition to any investment portfolio.
