Investment Opportunity – 100 Madison Street
Address: 100 Madison Street, New York, NY 10002
Asking Price: $6,250,000
Price/Unit: $367,647
Cap Rate: 3.05%
Sale Type: Investment
Property Overview
100 Madison Street presents an exceptional investment opportunity in Manhattan’s Lower East Side/Chinatown corridor. This 5-story, 17-unit mid-rise apartment building totals 9,705 SF and offers a stable, market-rate rental income stream with long-term growth potential. Its central CBD location provides strong tenant demand, supported by a dynamic mix of residential, retail, and cultural amenities.
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Key Property Details
- Building Size: 9,705 SF
- Stories: 5
- Units: 17 residential units
- Class: C (2-Star Mid-Rise Apartments)
- Typical Floor Plate: 1,941 SF
- Lot Density: 296 units per acre
- Number of Buildings: 1
- Rent Type: Market Rate
Investment Highlights
- Attractive cap rate of 3.05%, providing stable income with upside potential
- Market-rate tenancy in a strong Manhattan rental market
- Efficient unit mix across 17 apartments, providing consistent occupancy
- Located in a highly desirable CBD setting with excellent transit access
- Well-positioned for long-term appreciation with potential renovation/repositioning value-add strategies
Location & Neighborhood
- Situated at the edge of the Lower East Side/Chinatown corridor, one of Manhattan’s most vibrant neighborhoods
- Surrounded by diverse dining, retail, and cultural attractions
- Excellent connectivity with access to multiple subway lines, bus routes, and proximity to the Manhattan and Brooklyn Bridges
- Strong rental demand driven by students, professionals, and long-term residents
Summary
100 Madison Street is a rare chance to acquire a stable, income-producing asset in one of Manhattan’s most active rental markets. With 17 market-rate units, a cap rate of 3.05%, and a location in a high-demand CBD neighborhood, this property offers both steady cash flow and long-term appreciation potential.
