Prime Multi-Family Investment Opportunity in the East Village
Address: 302 E 12th Street, New York, NY, 10003
Price: $9,250,000 ($1,156,250/Unit)
Cap Rate: 5.56%
Sale Type: Investment
Type: 3-Star Mid-Rise Apartment Building
Property Overview:
Located in the heart of the East Village, 302 E 12th Street presents a rare opportunity to acquire a mid-rise multi-family property in one of Manhattan’s most desirable residential neighborhoods. This five-story, Class B building features eight market-rate rental units, offering stable cash flow and significant long-term appreciation potential. With a Gross Building Area (GBA) of 7,671 SF and a cap rate of 5.56%, this property is an attractive investment for those looking to expand their portfolio in New York City’s high-demand rental market.
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Key Features:
Prime East Village Location:
- Situated in one of Manhattan’s most vibrant residential and cultural hubs, known for its restaurants, nightlife, and boutique shopping.
- Steps from Union Square, NYU, and Stuyvesant Square Park, ensuring strong rental demand from students, professionals, and creatives.
- Easy access to multiple subway lines (L, N, Q, R, W, 4, 5, 6), providing seamless connectivity across NYC.
Efficient Multi-Family Layout:
- 8 residential units, allowing for consistent rental income and minimal turnover.
- Five-story building with a typical floor size of 1,534 SF, optimizing usable residential space.
- Market-rate rental structure, providing flexibility for rental increases and revenue growth.
Investment Potential & Market Appeal:
- Cap rate of 5.56%, offering strong and stable returns in a high-demand rental market.
- Market-rate rent structure, allowing for premium pricing in an upscale neighborhood.
- Located in a CBD (Central Business District) market segment, making it an ideal long-term investment.
Building & Infrastructure:
- One-building property with well-maintained infrastructure and updated interiors.
- Units per area density of 159/AC, efficiently maximizing residential occupancy.
- Class B status, providing a balance between affordability and high-end amenities.
Highlights:
✔ $9,250,000 multi-family investment in a high-demand NYC neighborhood
✔ 5.56% cap rate, ensuring solid rental income and appreciation potential
✔ 8-unit, five-story mid-rise apartment building with market-rate rentals
✔ Centrally located in the East Village, near major parks, schools, and transit hubs
✔ High rental demand driven by proximity to Union Square and NYU
Conclusion:
302 E 12th Street is a rare investment opportunity in one of Manhattan’s most desirable residential markets. With its high rental demand, market-rate flexibility, and strong cap rate, this property offers long-term financial security and growth potential for real estate investors.
Contact us today to schedule a private tour and explore this prime investment opportunity!
