Multi-family

Multifamily Investment Opportunity in the Lower East Side – 176 Stanton Street

Address: 176 Stanton Street, New York, NY, 10002
Price: $6,200,000 ($344,444/Unit)
Cap Rate: 4.70%
Sale Type: Investment
Type: 2-Star Apartments
Location: Central Business District (CBD)
Units: 18
Stories: 5
Building Class: C
Gross Building Area (GBA): 9,565 SF
Typical Floor Size: 1,913 SF
Number of Buildings: 1
Market Segment: All
Rent Type: Market

Property Overview:

Located in the heart of the Lower East Side, 176 Stanton Street presents an attractive multifamily investment opportunity in one of Manhattan’s most dynamic and evolving neighborhoods. With 18 residential units, a steady rental income, and strong appreciation potential, this property is ideal for investors looking to acquire a well-positioned asset in a high-demand rental market.

Key Features:

Prime Lower East Side Location:

✔ Situated in one of NYC’s most sought-after residential and nightlife districts.
✔ Steps from trendy restaurants, boutique shops, and vibrant cultural attractions.
✔ Surrounded by major residential developments, ensuring continued demand for rentals.

Strong Investment Potential:

✔ 18-unit multifamily building with market-rate rents, offering steady income and future appreciation.
✔ 4.70% cap rate, making it an attractive investment for long-term holders.
✔ Located in an area with consistent tenant demand, providing a stable occupancy rate.

Property & Building Features:

✔ 9,565 SF across five stories, with 1,913 SF per floor, offering flexible unit layouts.
✔ Well-maintained pre-war construction with recent upgrades.
✔ Market-rate rents, allowing for future rental growth potential.

Excellent Transit Access:

✔ Close to major subway lines (F, M, J, Z at Essex Street and Delancey Street), ensuring easy tenant access.
✔ Well-connected via bus routes and pedestrian-friendly streets.

Highlights:

✔ Multifamily investment in the Lower East Side with high rental demand.
✔ $6,200,000 asking price with an attractive 4.70% cap rate.
✔ 18 market-rate units, offering long-term income potential.
✔ Strong appreciation prospects in a fast-growing neighborhood.
✔ Excellent location near nightlife, shopping, and transportation.

Conclusion:

176 Stanton Street is a prime multifamily investment opportunity in one of Manhattan’s most vibrant rental markets. With a strong tenant base, market-rate units, and excellent long-term growth potential, this property is perfect for investors looking to expand their NYC real estate portfolio with a stable and appreciating asset.

Contact us today to schedule a private tour and secure this exceptional investment opportunity!