133 Avenue D offers a compelling value-add investment opportunity in Manhattan’s East Village. This 6-story, 20-unit multifamily asset includes 16 rent-stabilized units and 4 market-rate units, providing long-term upside through both rental appreciation and future repositioning.
Situated in one of Manhattan’s most culturally rich and increasingly desirable residential neighborhoods, the property is well-positioned for stable income and strategic growth. With over 14,500 SF of gross building area and favorable unit mix, this offering is ideal for investors seeking a blend of affordability protection and long-term asset growth.
Investment Highlights:
✔ Asking Price: $6.75M or $337,500 per unit – attractive basis for East Village
✔ Stable Income Stream: 80% of units rent-stabilized; predictable cash flow with potential upside
✔ Market Exposure: 4 free-market units offer flexibility for rent increases or unit enhancements
✔ Desirable Neighborhood: Located in the East Village, near Alphabet City parks, LES nightlife, NYU, and mass transit
✔ Efficient Layout: Typical floor plate of 2,431 SF across 6 stories; manageable scale for private investors
✔ High Density: 222 units per acre; excellent land utilization
Affordable Housing Notes:
✔ 16 of 20 units designated as Rent Stabilized, qualifying the asset for long-term affordability tax advantages and city incentives
✔ Balance of units leased at or near market rent, allowing near-term NOI growth and strategic tenant turnover positioning
Conclusion:
133 Avenue D is a rare opportunity to acquire a stabilized, income-producing multifamily property with intrinsic upside in a high-demand Manhattan submarket. With a strong location, affordable housing compliance, and operational efficiencies, this investment is suited for both long-term hold strategies and potential redevelopment over time.
Contact us to access the full rent roll, financials, and arrange a property tour.
