Multi-family

Introducing 717 E 5th Street, New York, NY, 10009—a 2-Star Mid-Rise Apartment Building located in the Central Business District (CBD) of Manhattan. Priced at $7,900,000 (approximately $359,091 per unit), this property is a compelling investment opportunity, boasting a 4.83% cap rate and steady market rental income potential.

Property Highlights

• Property Type: 2-Star Mid-Rise Apartment
• Gross Building Area (GBA): 10,000 SF, providing ample residential space.
• Units: 22 residential units with an average size of 575 SF, catering to urban renters.
• Stories: 5 floors, offering a manageable scale for property management.
• Typical Floor Size: 2,000 SF, efficiently designed for optimal occupancy.
• Building Class: C, reflecting functional and cost-effective construction.
• Density: High unit density of 367 units/AC, maximizing revenue potential.

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