Prime Multi-Family Investment in the East Village – 327 E 14th Street
Address: 327 E 14th Street, New York, NY, 10003
Price: $4,300,000 ($390,909/Unit)
Cap Rate: 4.88%
Sale Type: Investment
Type: 3-Star Mid-Rise Apartments
Location: Central Business District (CBD)
Units: 11
Average Unit Size: 666 SF
Stories: 5
Building Class: B
Gross Building Area (GBA): 7,990 SF
Typical Floor Size: 1,406 SF
Number of Buildings: 1
Units per Acre: 202/AC
Market Segment: All
Rent Type: Market
Investment Overview:
327 E 14th Street offers a highly desirable multi-family investment opportunity in the East Village, one of Manhattan’s most sought-after residential and commercial neighborhoods. This five-story, Class B mid-rise apartment building consists of 11 spacious units, all under market-rate rents, making it an ideal turnkey asset with stable cash flow and strong long-term upside.
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Key Features:
Strategic East Village Location:
- Located on 14th Street, a major thoroughfare with strong retail, residential, and transit connectivity.
- Steps from Union Square, NYU, and the L train at 1st Avenue, ensuring high tenant demand and strong occupancy rates.
- Surrounded by boutique retail, restaurants, nightlife, and major amenities, appealing to young professionals and long-term renters.
Strong Rental Income & Appreciation Potential:
- Market-rate rental structure, allowing for future rent increases and revenue optimization.
- Cap rate of 4.88%, offering a balance of stable returns and long-term appreciation in a growing rental market.
- Spacious unit sizes (avg. 666 SF/unit), rare for East Village apartments, making it an attractive offering for tenants.
Efficient & Well-Maintained Building:
- GBA of 7,990 SF across 5 stories, with a typical floor size of 1,406 SF.
- Class B construction, offering high-quality units with lower operating costs than older properties.
- Investor-friendly asset with minimal capital expenditure requirements and consistent cash flow.
Thriving Multi-Family Market:
- The East Village rental market remains strong, with limited supply and increasing rental demand.
- Ideal for multi-family investors, developers, or value-add specialists looking to reposition and capitalize on future appreciation.
- Competitive pricing at $390,909 per unit, making it an attractive entry point into one of NYC’s strongest rental submarkets.
Investment Highlights:
✔ 11-unit mid-rise apartment building in the East Village
✔ $4,300,000 asking price ($390,909/unit) with market-rate rents
✔ Cap Rate: 4.88% – offering a balance of steady income and appreciation potential
✔ GBA of 7,990 SF with spacious 666 SF average unit sizes
✔ Prime location near Union Square, NYU, and major transit hubs
Conclusion:
327 E 14th Street is an exceptional investment opportunity for multi-family investors looking for a cash-flowing, well-positioned asset in the East Village. With its strong cap rate, large unit sizes, and future appreciation potential, this property is an ideal acquisition for investors seeking long-term stability and value growth in a prime Manhattan location.
Contact us today to schedule a private tour and secure this outstanding investment property!
