For Sale: 94 St. Marks Place, New York, NY 10009
Asking Price: $9,250,000
Price/Unit: $1,156,250
Units: 8 Residential
Gross Building Area (GBA): 9,000 SF
Stories: 6
Class: C – Walk-Up Mid-Rise
Sale Type: Investment
Location: East Village / Central Business District (CBD)
Rent Type: Market + Rent Stabilized
Status: Active
Property Overview:
94 St. Marks Place presents a rare opportunity to acquire a six-story, 8-unit multifamily building located in the vibrant heart of the East Village. With a Gross Building Area of approximately 9,000 square feet, this well-maintained walk-up mid-rise offers investors a premium asset in one of Manhattan’s most consistently high-demand rental neighborhoods.
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The unit mix is predominantly market-rate, with some rent-stabilized apartments, providing stable income with future upside through natural turnover or value-add strategies. Surrounded by top dining, nightlife, and cultural amenities, the property benefits from sustained tenant demand and long-term neighborhood appeal.
Key Features:
- Six-story multifamily building with 8 large residential units
- Gross Building Area: 9,000 SF | Typical Floor Plate: 1,573 SF
- Blend of market-rate and rent-stabilized apartments
- Located in one of Manhattan’s most sought-after residential neighborhoods
- Ideal for long-term hold or strategic repositioning
- Proximate to multiple subway lines (L, F, 6) and Tompkins Square Park
- Strong rental demographics and limited neighborhood supply
Investment Highlights:
- Asking Price: $9,250,000
- Price/Unit: $1,156,250
- Units per Acre: 200/AC
- Significant in-place income with long-term appreciation potential
- Boutique, investor-friendly scale with minimal operating complexity
Conclusion:
94 St. Marks Place is a rare, boutique multifamily opportunity in the heart of the East Village, ideal for investors seeking stable cash flow and long-term capital appreciation. With a balanced unit mix, strong market fundamentals, and high barriers to entry, this property is positioned to outperform in both stabilized and value-add strategies.
Contact us today for financials, rent roll, or to schedule a private showing.
