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.
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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!
