Multi-family

Multifamily Investment Opportunity in the East Village – 274 E 10th Street

Address: 274 E 10th Street, New York, NY, 10009
Price: $6,250,000 ($568,182/Unit)
Cap Rate: 4.36%
Sale Type: Investment
Type: 2-Star Low-Rise Apartments
Location: Central Business District (CBD)
Units: 11
Stories: 5
Building Class: C
Gross Building Area (GBA): 6,615 SF
Typical Floor Size: 1,200 SF
Number of Buildings: 1
Units per Acre: 194/AC
Market Segment: All
Rent Type: Market

Property Overview:

Situated in the highly desirable East Village, 274 E 10th Street presents a prime multifamily investment opportunity in one of Manhattan’s most vibrant and historic neighborhoods. With 11 market-rate residential units, strong rental demand, and steady appreciation potential, this property is ideal for investors looking for long-term cash flow and asset growth in a high-demand rental market.

Key Features:

Prime East Village Location:

✔ Located in the heart of the East Village, a neighborhood known for its lively cultural scene, restaurants, and boutique shopping.
✔ Steps from Tompkins Square Park, a major attraction for residents and visitors.
✔ Surrounded by bars, cafes, and arts venues, making it a sought-after area for tenants.

Strong Investment Potential:

✔ 4.36% cap rate, offering an attractive return on investment.
✔ Market-rate units provide long-term rental growth potential.
✔ Located in an area with consistently high tenant demand, ensuring strong occupancy rates.

Property & Building Features:

✔ 6,615 SF across five stories, with 1,200 SF typical floor layout.
✔ Pre-war architecture with modern interior upgrades for tenant comfort.
✔ Well-maintained property with potential for future value-add opportunities.

Excellent Transit Access:

✔ Close to major subway lines (L at 1st Avenue, 6 at Astor Place, F at 2nd Avenue), ensuring easy tenant commuting.
✔ Well-connected via bus routes and pedestrian-friendly streets.

Highlights:

✔ Multifamily investment opportunity in a high-demand East Village market.
✔ $6,250,000 asking price with a 4.36% cap rate.
✔ 11 market-rate units, ensuring steady income and appreciation potential.
✔ Prime location near parks, nightlife, and top cultural destinations.
✔ Excellent transit access, making it convenient for tenants.

Conclusion:

274 E 10th Street is a strong investment opportunity in one of Manhattan’s most thriving rental markets. With market-rate apartments, stable cash flow, and long-term growth potential, this property is ideal for investors looking to expand their real estate portfolio with a well-located, appreciating asset.

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