Multi-family

Investment Opportunity – 301 E Houston Street, Lower East Side

Address: 301 E Houston Street, New York, NY, 10002
Price: $3,395,000 ($1,131,667/Unit)
Sale Type: Investment
Type: 2-Star Mid-Rise Apartments
Location: Central Business District (CBD)
Units: 3
Stories: 4
Building Class: C
Gross Building Area (GBA): 3,600 SF
Typical Floor Size: 850 SF
Number of Buildings: 1
Units per Acre: 150/AC
Market Segment: All
Rent Type: Market

Investment Overview:

301 E Houston Street presents a prime multi-family investment opportunity in the heart of the Lower East Side, one of Manhattan’s most rapidly evolving neighborhoods. This four-story, three-unit residential property offers strong rental income potential, a desirable location near transit and entertainment, and significant appreciation prospects in a high-demand rental market.

Key Features:

Prime Lower East Side Location:

• Situated in the vibrant and trendy Lower East Side, a sought-after neighborhood known for its nightlife, dining, and cultural attractions.
• Steps from SoHo, East Village, and the Bowery, ensuring consistent rental demand from young professionals, artists, and entrepreneurs.
• Proximity to luxury high-rises, boutique hotels, and major mixed-use developments, contributing to the area’s ongoing gentrification and value growth.

Strong Rental Income & Appreciation Potential:

• 3 market-rate units, allowing for flexible leasing strategies and rent appreciation over time.
• $1,131,667 per unit, reflecting the desirable location and investment stability.
• Potential for value-add improvements, increasing both rental yields and long-term property value.

Well-Maintained Multi-Family Property:

• 3,600 SF across 4 stories, with a typical floor size of 850 SF, offering spacious and comfortable unit layouts.
• Class C construction, presenting renovation and modernization opportunities to enhance ROI.
• Investor-friendly asset with a stable tenant base and low vacancy rates.

Excellent Transit Access:

• Steps from major subway lines (F, M, J, Z at Delancey-Essex Street, B, D at Grand Street), ensuring seamless connectivity to Midtown, Brooklyn, and Downtown Manhattan.
• Well-served by bus routes, bike lanes, and pedestrian-friendly streets, increasing tenant convenience and desirability.

High-Demand Rental Market:

• The Lower East Side is a top rental destination for professionals, creatives, and students, ensuring strong tenant retention and minimal vacancies.
• Ideal for long-term multi-family investors, developers, or value-add specialists looking to maximize returns in a thriving urban neighborhood.
• Competitive pricing at $3,395,000, providing an attractive entry point into one of NYC’s most resilient real estate markets.

Investment Highlights:

✔ 3-unit mid-rise apartment building in the Lower East Side
✔ $3,395,000 asking price ($1,131,667/unit) with market-rate rents
✔ 3,600 SF total space with 850 SF typical floor layouts
✔ Strong rental income with future appreciation potential
✔ Prime location near SoHo, East Village, and major transit hubs

Conclusion:

301 E Houston Street is an exceptional investment opportunity for multi-family investors seeking a prime rental property in a high-demand market. With market-rate units, long-term appreciation potential, and a premier Lower East Side location, this property offers both stable cash flow and capital growth in one of NYC’s fastest-developing neighborhoods.

Contact us today to schedule a private tour and secure this premier investment property!