Multi-family
Screenshot
For Sale
Multi-family
208, Grand Street, Little Italy, Manhattan, New York County, City of New York, New York, 10013, United States
Description
208 Grand Street, New York, NY, 10013: Investment Property Overview
This mid-rise apartment building offers a lucrative investment opportunity in Manhattan’s Central Business District (CBD). With a competitive price of $4,800,000, the property features a high number of compact units, perfect for maximizing rental income in a prime location.
Property Details
- Price: $4,800,000
- Units: 22
- Average Unit Size: 300 SF
- Stories: 6
- Building Area (GBA): 10,434 SF
- Typical Floor Size: 1,530 SF
- Class: C
- Number of Buildings: 1
- Units per Area: 367/AC
Key Features
- Attractive Pricing: With a price per unit of $218,182, this property offers affordability for its unit density, ideal for investors looking to expand their portfolio.
- Prime Location: Nestled in the heart of Manhattan’s CBD, it ensures high demand from urban dwellers and professionals.
- Compact Design: Smaller unit sizes (300 SF) cater to the rising demand for affordable and efficiently designed urban living spaces.
- Market Rate Flexibility: As a market-rate property, it provides potential for customized rental strategies to adapt to market dynamics.
- Growth Potential: The dense unit count and efficient layout position the property as a steady income generator with value-add potential.
This property combines affordability, a high-density layout, and a central location, making it a strategic investment choice in New York City’s competitive real estate market.
