Investment Opportunity – Mid-Rise Multifamily Property
Address: 109 Madison Street, New York, NY 10002
Asking Price: $6,750,000 ($337,500/Unit)
Sale Type: Investment
Property Type: 3-Star Mid-Rise Apartments
Stories: 6
Gross Building Area (GBA): 9,480 SF
Availability: For Sale
Property Overview
109 Madison Street presents a 6-story, 20-unit multifamily investment opportunity in Manhattan’s Lower East Side/Two Bridges corridor. With a GBA of 9,480 SF and an average unit size of 403 SF, the property delivers a stable, income-producing asset with upside potential in a dynamic downtown neighborhood.
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The property is classified as Class C with a 3-Star rating, offering investors long-term value supported by New York’s continued demand for affordable rental housing.
Key Features
- Units: 20 total apartments
- Unit Size: Average 403 SF per unit
- Stories: 6-story walk-up configuration
- GBA: 9,480 SF total / 1,580 SF typical floor plate
- Rent Type: Affordable, Rent Stabilized
- Market Segment: Broad appeal across workforce housing demand
Investment Highlights
- Affordable Housing Stability: Rent-stabilized units provide consistent occupancy and reduced turnover risk.
- Prime Downtown Location: Situated in the Lower East Side/Two Bridges area, a rapidly evolving neighborhood with strong renter demand.
- Value-Add Potential: Opportunity for gradual rent increases, unit renovations, and repositioning over time.
- Attractive Pricing: $6.75M acquisition ($337,500 per unit) offers competitive entry point for a Manhattan multifamily asset.
Summary
109 Madison Street represents a 20-unit multifamily investment property with affordable, rent-stabilized housing in a high-demand downtown Manhattan location. With stable cash flow, value-add upside, and long-term appreciation potential, this asset is an appealing opportunity for investors seeking resilient multifamily product in New York City.
