Multi-family

  • $5,500,000
520, 9th Avenue, Manhattan Community Board 4, Manhattan, New York County, City of New York, New York, 10018, United States
$5.5M
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For Sale
Multi-family
520, 9th Avenue, Manhattan Community Board 4, Manhattan, New York County, City of New York, New York, 10018, United States
  • $5,500,000

Description

Investment Opportunity in Midtown Manhattan

Address: 520 9th Ave, New York, NY, 10018
Price: $5,500,000 ($1,375,000/Unit)
Type: 2-Star Mid-Rise Apartments
Sale Type: Investment

Overview:

Located in the heart of Midtown Manhattan, 520 9th Ave offers a prime investment opportunity with its 4-unit, 2-star mid-rise apartment building. Priced at $5,500,000, this Class C property provides an attractive entry point for investors looking to capitalize on the vibrant Central Business District. With a total gross building area (GBA) of 3,610 SF and a typical floor size of 1,080 SF, this property promises steady returns and long-term growth potential.

Key Features:

Prime Midtown Location:

Situated in the bustling Central Business District, 520 9th Ave is surrounded by a mix of residential, retail, and commercial properties. Its proximity to major landmarks and transportation hubs ensures strong demand for housing in the area.

Well-Structured Building:

This 4-story building features 4 market-rate units, each averaging 902.5 SF. Its manageable size makes it an excellent choice for first-time investors or seasoned professionals seeking a reliable addition to their portfolio.

Market-Rate Rentals:

All units are market-rate, allowing for greater flexibility in rental pricing and the opportunity to maximize income potential.

Steady Foot and Vehicle Traffic:

Located on 9th Avenue, the property benefits from high visibility and easy access to a wide range of amenities, including restaurants, shops, and cultural attractions.

Transportation Accessibility:

The property is well-served by public transportation, with multiple subway lines, buses, and Penn Station within walking distance, making it convenient for tenants and ensuring high occupancy rates.

Highlights:

  • GBA: 3,610 SF with typical floor size of 1,080 SF
  • Units: 4 market-rate apartments, ideal for steady rental income
  • Strategic Location: In-demand Midtown area with consistent tenant demand
  • Investment Flexibility: Class C property with room for potential upgrades and value-add opportunities

This is a rare opportunity to acquire a strategically located investment property in one of Manhattan’s most dynamic neighborhoods. Contact us today to learn more about this exceptional property and schedule a viewing!

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