Introducing 27 W Ninth Street, New York, NY 10011
Presenting an exceptional investment opportunity, 27 W Ninth Street is a well-maintained 2-star mid-rise apartment building located in the vibrant Central Business District (CBD) of Manhattan. Offered for sale at $8,450,000 ($1,690,000 per unit), this property consists of five units across four stories, making it a prime addition to any investor’s portfolio.
Property Details:
- Address: 27 W Ninth Street, New York, NY 10011
- Sale Price: $8,450,000 ($1,690,000/Unit)
- Sale Type: Investment
- Building Type: 2-Star Mid-Rise Apartments
- Location: Central Business District (CBD)
- Units: 5
- Stories: 4
- Class: C
- Gross Building Area (GBA): 3,787 sq. ft.
- Typical Floor Area: 946 sq. ft.
- Number of Buildings: 1
- Units per Acre: 139
- Market Segment: All
- Rent Type: Market
Key Features:
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Lucrative Investment Potential
Comprising five units and a gross building area of 3,787 square feet, 27 W Ninth Street provides an attractive investment opportunity in one of New York City’s most sought-after markets. The property’s versatility makes it appealing to a wide range of potential tenants, ensuring a steady stream of rental income.
Prime CBD Location
Located in the heart of Manhattan’s Central Business District, this property enjoys proximity to major corporate offices, cultural attractions, and public transportation. The neighborhood’s dynamic environment attracts both professionals and families, contributing to strong tenant demand.
Diverse Rental Market
This Class C building offers a market rent type, making it suitable for various tenants seeking affordable housing in a prime location. The potential for strong returns is enhanced by the ongoing demand for rental properties in this bustling area.
Conclusion:
27 W Ninth Street is a remarkable investment opportunity for buyers looking to acquire a mid-rise apartment building in a prime Manhattan location. With its solid unit count, strategic CBD positioning, and potential for excellent returns, this property is an enticing option for investors aiming to strengthen their real estate holdings in New York City.
