Investment Property for Sale – 47 Perry Street, New York, NY 10014
Asking Price: $9,850,000 ($615,625 per unit)
Sale Type: Investment Opportunity
Cap Rate: Not specified (market-driven)
Property Type: 2-Star Mid-Rise Multifamily
Location: Central Business District (West Village, Manhattan)
Property Overview
47 Perry Street is a 5-story mid-rise multifamily property located in the highly desirable West Village of Manhattan. Built with 16 residential units across 11,405 sq. ft. of gross building area, the property represents a rare opportunity for investors to acquire an apartment building in one of New York City’s most prestigious neighborhoods. With a typical floor plate of 2,281 sq. ft. and an average unit size of 900 sq. ft., the property offers both scale and efficiency.
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Key Features
- Asking Price: $9,850,000
- Price per Unit: $615,625
- Units: 16 (market-rate)
- Average Unit Size: 900 sq. ft.
- Gross Building Area (GBA): 11,405 sq. ft.
- Typical Floor Size: 2,281 sq. ft.
- Stories: 5
- Year Built: Not specified
- # of Buildings: 1
- Units per Acre: 235
- Rent Type: Market
- Class: C
Building Information
- Type: 2-Star Mid-Rise Apartment Building
- Construction: Traditional masonry mid-rise
- Utilities & Metering: Standard multifamily systems (details not specified)
- Market Segment: All (market-rate tenant base)
Location & Market Context
Situated in Manhattan’s West Village, 47 Perry Street benefits from one of the most prestigious and supply-constrained rental submarkets in New York City. Known for its historic brownstones, luxury shopping, top-tier dining, and cultural appeal, the West Village attracts high-income tenants, ensuring strong rent growth and long-term stability. The property is located within walking distance of multiple subway lines, providing easy access across the city.
Investment Highlights
- Rare West Village multifamily investment opportunity with 16 units.
- Market-rate rents allow for immediate cash flow and future growth potential.
- Prime CBD/West Village location with strong long-term demand.
- Efficient unit mix with larger-than-average apartments (avg. 900 sq. ft.).
- 11,405 sq. ft. GBA across a single 5-story mid-rise building.
Summary
47 Perry Street offers investors a unique chance to acquire a 16-unit, market-rate apartment building in one of Manhattan’s most prestigious neighborhoods. With its prime West Village location, large unit sizes, and strong rental demand, the property is well-positioned to deliver stable cash flow and long-term appreciation.
