Multi-family

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!