Multi-family

Investment Opportunity: 2-Star Mid-Rise Apartment Building in NYC’s Central Business District

Address: 240 E 9th Street, New York, NY 10003
Price: $10,500,000 ($875,000/Unit)
Cap Rate: 3.29%

This 6-story, Class C mid-rise apartment building in the heart of New York City’s vibrant Central Business District offers an excellent investment opportunity. Featuring 12 units across a gross building area of 9,180 square feet, this property caters to a diverse market segment with market-rate rental opportunities.

Property Details:

• Building Type: 2-Star Mid-Rise Apartment
• Gross Building Area: 9,180 SF
• Typical Floor Size: 1,530 SF
• Units: 12
• Stories: 6
• Units per Area: 253 units/acre
• Sale Type: Investment

Located in a high-demand area, this property benefits from strong rental income potential and an attractive cap rate of 3.29%. Its location within NYC’s Central Business District ensures proximity to public transportation, retail, and entertainment options, making it a prime choice for tenants and investors alike.

For additional information or to arrange a private viewing, please contact us.