Prime Investment Opportunity in the East Village – 227 E 11th Street
Address: 227 E 11th Street, New York, NY, 10003
Price: $6,950,000 ($365,789/Unit)
Sale Type: Investment
Type: 2-Star Mid-Rise Apartments
Location: Central Business District (CBD)
Units: 19
Average Unit Size: 350 SF
Stories: 5
Building Class: C
Gross Building Area (GBA): 7,000 SF
Typical Floor Size: 1,400 SF
Number of Buildings: 1
Units per Acre: 317/AC
Market Segment: All
Rent Type: Market
Investment Overview:
227 E 11th Street presents a rare multi-family investment opportunity in the heart of the East Village, one of Manhattan’s most desirable and high-demand rental markets. This five-story mid-rise apartment building offers 19 market-rate residential units, making it an attractive income-producing asset with strong upside potential.
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Key Features:
Prime East Village Location:
- Situated in a highly sought-after neighborhood, known for its vibrant culture, dining, and nightlife.
- Steps from Union Square, NYU, and St. Mark’s Place, ensuring high rental demand.
- Surrounded by a mix of historic townhouses, modern developments, and retail hotspots, making it a prime area for both short-term and long-term tenants.
Stable Income & Value-Add Potential:
- 19 residential units, each averaging 350 SF, appealing to young professionals, students, and long-term renters.
- Market-rate rent structure, allowing for future rent increases in line with market trends.
- Class C property, presenting an opportunity for repositioning and renovations to maximize rental income and appreciation.
Building & Operational Details:
- GBA of 7,000 SF across 5 stories, with 1,400 SF per floor.
- Mid-rise construction, offering low operating costs and efficient management.
- Investor-friendly asset with steady cash flow and potential for long-term capital appreciation.
Strong Market & Demand Drivers:
- East Village rental demand continues to outpace supply, leading to high occupancy rates and consistent rental growth.
- Ideal for multi-family investors, developers, or repositioning specialists seeking a high-yield urban asset.
- Competitive pricing at $365,789 per unit, a strategic entry point into a strong investment market.
Investment Highlights:
✔ 19-unit mid-rise apartment building in the East Village
✔ $6,950,000 asking price ($365,789/unit) with market-rate rents
✔ GBA of 7,000 SF with 350 SF average unit size
✔ Stable cash flow with upside potential through renovations and rent optimization
✔ Prime location near NYU, Union Square, and top-tier amenities
Conclusion:
227 E 11th Street presents an exceptional investment opportunity for multi-family investors looking to acquire a cash-flowing, market-rate property in one of NYC’s most desirable neighborhoods. With strong tenant demand, future appreciation potential, and a prime East Village location, this property is ideal for investors seeking long-term returns and asset growth.
Contact us today to schedule a private tour and secure this outstanding investment property!
