Fully Market-Rate Multifamily Investment in Kips Bay – 336 E 30th Street
Address: 336 East 30th Street, New York, NY, 10016
Asking Price: $4,750,000 ($527,778/Unit)
Sale Type: Investment
Asset Type: 3-Star Mid-Rise Apartments
Location: CBD – Kips Bay / Midtown East
Units: 9
Stories: 4
Building Class: B
Gross Building Area (GBA): 6,502 SF
Typical Floor Size: 1,300 SF
# of Buildings: 1
Units per Acre: 182/AC
Rent Type: Market
Property Overview:
336 E 30th Street presents a compelling opportunity to acquire a fully market-rate, 9-unit multifamily building in the heart of Kips Bay, a vibrant and evolving residential neighborhood on Manhattan’s East Side. With strong in-place income, low regulatory overhead, and proximity to major institutions, this property is ideal for long-term investors seeking both stability and upside.
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Investment Highlights:
✔ Prime East Side Location:
Located between 1st and 2nd Avenues, just steps from NYU Langone Medical Center, Bellevue Hospital, and CUNY/Hunter College. Surrounded by residential, medical, and professional tenants.
✔ All Market-Rate Units:
No rent stabilization or controls. Complete flexibility with lease renewals and rent increases, making it ideal for yield-focused investors.
✔ Turnkey, Well-Configured Asset:
9 residential units across 4 stories and ~6,500 SF. Clean layouts and a manageable building size for efficient operations and maintenance.
✔ Proven Tenant Demand:
Desirable unit sizes and location attract stable tenants including students, medical professionals, and long-term city dwellers.
✔ Value-Add Upside:
Opportunities to modernize select units or common areas and capture additional rent growth as demand continues to increase in Midtown East.
Property Summary:
- Price: $4,750,000
- Units: 9
- Stories: 4
- GBA: 6,502 SF
- Typical Floor Size: 1,300 SF
- Building Class: B
- Rent Type: Market
Conclusion:
336 E 30th Street is a rare, fully market-rate multifamily investment in one of Manhattan’s most reliable submarkets. With in-place income, quality tenancy, and long-term appreciation potential, it’s a great fit for private investors, 1031 exchange buyers, or family offices seeking efficient scale and enduring value.
Request the Offering Memorandum and schedule a private showing today.
