Multi-family

Prime Investment Opportunity: Mid-Rise Apartment Complex in East Village

Address: 428 E 14th Street, New York, NY, 10009
Price: $33,500,000 ($744,444/Unit)
Cap Rate: 7.14%
Sale Type: Investment

This 3-star mid-rise apartment complex is a rare investment opportunity located in the vibrant Central Business District (CBD) of Manhattan’s East Village. Boasting a strong cap rate of 7.14%, this property offers a mix of market-rate and affordable rent-stabilized units, ensuring steady cash flow and significant long-term potential.

Property Details:

• Building Type: Mid-Rise Apartments
• Gross Building Area: 31,875 SF
• Typical Floor Size: 8,191 SF
• Stories: 5
• Units: 45
• Average Unit Size: 482 SF
• Class: B
• Number of Buildings: 3
• Units per Area: 214/AC
• Market Segment: All
• Rent Type: Market/Affordable
• Affordable Units: 37 (Rent Stabilized)

Strategically positioned in the thriving East Village, this property offers tenants proximity to public transit, popular restaurants, retail destinations, and cultural attractions. Its diverse mix of market-rate and affordable units caters to a broad tenant base, enhancing its appeal as a stable and profitable investment.

With its excellent location, significant unit count, and attractive income potential, this property is ideal for investors seeking a high-performing asset in one of Manhattan’s most desirable neighborhoods.

For more information or to schedule a private tour, please contact us.