Multi-family

Charming Multi-Family Investment Property in the Heart of the Lower East Side

Address: 19 Monroe Street, New York, NY, 10002
Units: 16
Gross Building Area (GBA): 9,575 Square Feet
Sale Price: $5.8 Million
Built: 1900
Vacancy Rate: 2.7%

Overview:
Located in the vibrant Lower East Side, this well-maintained 16-unit multi-family building offers an exceptional investment opportunity in one of Manhattan’s most sought-after neighborhoods. With a sale price of $5.8 million, this property is an ideal choice for investors looking for stable income and long-term appreciation potential in a prime location.

Key Features:

Prime Location:
The building is situated on Monroe Street, nestled in the Lower East Side—one of New York City’s most desirable and dynamic neighborhoods. Known for its mix of historic charm and modern amenities, the area offers a wealth of cultural attractions, trendy restaurants, and easy access to public transportation.

Stable Income Opportunity:
With 16 well-maintained units, the property offers a consistent rental income stream. The low vacancy rate of 2.7% demonstrates the desirability of the location and the demand for housing in this thriving area.

Charming Historic Building:
Built in 1900, this property maintains its original charm while offering the opportunity for improvements or renovations to increase value. The building features classic architectural details that are sought after by tenants in the area.

Well-Maintained:
The property has been carefully maintained, ensuring a stable and attractive investment. With minimal vacancies and strong rental history, this building is a great addition to any real estate portfolio.

Investment Potential:
This property presents the opportunity for both immediate returns and long-term growth, with the potential for rental increases or repositioning. The Lower East Side’s ongoing revitalization and strong demand for housing make it an ideal location for future value appreciation.

Highlights:

• 16-unit multi-family property in the desirable Lower East Side
• 9,575 SF GBA with classic New York charm
• Stable 2.7% vacancy rate with strong rental history
• Excellent location near trendy restaurants, shops, and cultural attractions
• Priced at $5.8 million with strong income potential

Contact us today to schedule a viewing and learn more about this exciting investment opportunity in the heart of Manhattan.