Multi-family
Screenshot
For Sale
Multi-family
304, Bleecker Street, 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). Priced at $8,750,000, this 2-star mid-rise apartment building offers a solid 4.67% cap rate, making it an appealing option for investors seeking steady income in a prime location.
Property Overview:
- Address: 304 Bleecker Street, New York, NY, 10014
- Listing Price: $8,750,000 ($1,750,000/Unit)
- Cap Rate: 4.67%
- Sale Type: Investment
- Property Type: 2-Star Mid-Rise Apartments
- Location: Central Business District (CBD), Manhattan
- Units: 5
- Stories: 4
- Gross Building Area (GBA): 4,400 SF
- Typical Floor Size: 991 SF
- # of Buildings: 1
- Units per Area: 131/AC
- Rent Type: Market
- Class: C
Key Features:
- Prime Location: Situated in the vibrant CBD, the property enjoys high demand from residents and businesses, ensuring consistent rental income and long-term appreciation.
- Efficient Design: With a typical floor size of 991 SF, the building offers functional layouts suitable for diverse tenant needs.
- Income Potential: Market-rate rentals and a strategic location provide opportunities for competitive leasing rates.
- Investment Appeal: A strong 4.67% cap rate makes this property an attractive option for investors seeking a balance of stability and return.
- Quality Construction: Built to Class C standards, the building offers reliability and functionality for long-term operation.
Conclusion:
304 Bleecker Street represents an outstanding opportunity to invest in a mid-rise apartment building in one of Manhattan’s most sought-after neighborhoods. With its excellent location, consistent rental demand, and solid cap rate, this property is a valuable addition to any investment portfolio.
