Multi-family

Investment Opportunity – 27 Henry Street, New York, NY, 10002

Address: 27 Henry Street, New York, NY, 10002
Price: $3,150,000 ($157,500/Unit)
Cap Rate: 3.96%
Sale Type: Investment
Type: 2-Star Mid-Rise Apartments
Units: 20
Stories: 5
Gross Building Area (GBA): 10,000 SF

Property Overview:

Located in Lower Manhattan’s vibrant Chinatown district, 27 Henry Street offers a unique investment opportunity in one of NYC’s most active residential rental markets. This five-story, 20-unit mid-rise apartment building provides steady rental income potential, long-term appreciation, and a prime location in a high-demand area.

Key Features:

Prime Lower Manhattan Location:

• Situated in the heart of Chinatown, close to the Financial District, Lower East Side, and Two Bridges.
• Easy access to East Broadway, Canal Street, and FDR Drive, ensuring high visibility and demand from tenants.
• Surrounded by thriving local businesses, cultural institutions, and major transportation hubs, making it a desirable location for long-term renters.

Strong Investment Potential:

• 20-unit, 5-story mid-rise residential building, providing diversified rental income.
• Market-rate rent structure, allowing for future rental growth and increased NOI.
• Cap rate of 3.96%, with potential for value-add improvements to increase revenue.

Building Specifications:

• Gross Building Area (GBA): 10,000 SF with typical floor size of 1,895 SF.
• Class C mid-rise apartment building, with opportunity for renovations and rental appreciation.
• Well-maintained common areas and functional unit layouts, catering to both professionals and families.

Excellent Transit & Accessibility:

• Steps from major subway lines (F, B, D, J, Z, 6), ensuring seamless commuting for tenants.
• Close to the Manhattan Bridge, Williamsburg Bridge, and East River Greenway, providing easy access to Brooklyn and Queens.
• Highly walkable neighborhood, with restaurants, parks, schools, and retail just steps away.

Stable Residential Market & Growth Potential:

• Chinatown is one of NYC’s most active rental markets, attracting a mix of young professionals, families, and long-term tenants.
• Low residential vacancy rates and high rental demand make this an ideal investment property for consistent returns.
• Limited new developments in the area, ensuring steady appreciation and long-term value growth.

Highlights:

✔ 20-unit investment property in the heart of Chinatown
✔ $3,150,000 sale price with strong appreciation and rental income potential
✔ Market-rate rent structure, allowing for future rental growth
✔ Well-connected transit access, steps from multiple subway lines and major thoroughfares
✔ Surrounded by a mix of cultural attractions, dining, and commercial activity

Conclusion:

27 Henry Street presents an exceptional opportunity for investors seeking a stable, income-generating property in a high-demand Manhattan neighborhood. With strong rental demand, strategic location, and long-term appreciation potential, this property is ideal for buyers looking to expand their portfolio with a well-positioned multifamily asset.

Contact us today to schedule a private tour and secure this investment opportunity!