Multi-family

Listing Description: 43 Clinton Street, New York, NY, 10002
Versatile Investment Opportunity in the Lower East Side

Positioned in the bustling Lower East Side, 43 Clinton Street presents a rare opportunity to acquire a well-located mid-rise apartment building with a blend of market and affordable rent-stabilized units. With its strong cap rate and attractive unit mix, this property offers a unique chance to generate reliable income in a high-demand area.

Key Features:

• Price: $7,500,000 ($416,667/Unit)
• Cap Rate: 6.00%
• Sale Type: Investment
• Property Type: 2-Star Mid-Rise Apartments
• Location: Central Business District (CBD), Lower East Side
• Units: 18
• Avg Unit Size: 800 SF
• Stories: 5
• Gross Building Area (GBA): 9,935 SF
• Typical Floor Area: 1,987 SF
• Class: C
• Number of Buildings: 1
• Units per Area: 296/AC
• Rent Type: Market/Affordable
• Affordable Type: Rent Stabilized

Highlights:

• Income Diversity: The mix of market-rate and rent-stabilized units ensures consistent revenue streams and long-term tenant stability.
• Prime Location: Situated in a vibrant neighborhood known for its cultural diversity, dining, nightlife, and proximity to major transportation hubs.
• Strong Financials: A competitive cap rate of 6.00% offers investors an excellent return on investment.
• Spacious Layouts: Each unit averages 800 SF, providing ample living space for tenants.
• Efficient Design: The building features a typical floor area of 1,987 SF, maximizing rentable space across five stories.

This property combines affordability, convenience, and financial upside, making it an ideal investment for those seeking to expand their portfolio in one of Manhattan’s most dynamic neighborhoods.

Contact us today for more information or to schedule a viewing of this exciting investment opportunity!