Multi-family

Introducing 520 Ninth Ave, New York, NY 10018

Presenting an outstanding investment opportunity, 520 Ninth Ave is a 2-star mid-rise apartment building located in the vibrant Central Business District (CBD) of Manhattan. Offered for sale at $5,500,000 ($1,375,000 per unit), this property comprises four units across four stories, making it a solid addition to any investment portfolio.

Property Details:

• Address: 520 Ninth Ave, New York, NY 10018
• Sale Price: $5,500,000 ($1,375,000/Unit)
• Sale Type: Investment
• Building Type: 2-Star Mid-Rise Apartments
• Location: Central Business District (CBD)
• Units: 4
• Stories: 4
• Class: C
• Gross Building Area (GBA): 3,610 sq. ft.
• Typical Floor Area: 1,080 sq. ft.
• Number of Buildings: 1
• Units per Acre: 200
• Market Segment: All
• Rent Type: Market

Key Features:

Versatile Investment Potential
With four units and a gross building area of 3,610 square feet, 520 Ninth Ave presents an excellent opportunity for investors looking to capitalize on the thriving rental market in New York City. The property is well-suited for various market segments, making it a flexible option for potential investors.

Prime Location in CBD
Situated in the heart of Manhattan’s Central Business District, this property benefits from proximity to major corporate offices, entertainment venues, and public transportation, ensuring strong demand from tenants. The bustling atmosphere and accessibility to amenities make it an attractive location for residents.

Established Rental Market
This Class C building offers a market rent type, appealing to a wide range of tenants seeking affordable housing in a central location. The investment potential is further enhanced by the strong rental demand typical of the area.

Conclusion:
520 Ninth Ave represents a unique investment opportunity for buyers looking to acquire a mid-rise apartment building in a prime Manhattan location. With its solid unit count, strategic CBD location, and potential for strong returns, this property is an attractive option for savvy investors aiming to expand their real estate portfolios in New York City.