Multi-family

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!