Residential Investment Property for Sale – 33 W Ninth Street, New York, NY 10011
Asking Price: $7,995,000 ($1,599,000/Unit)
Cap Rate: 4.40%
Sale Type: Investment Opportunity
Property Type: 2-Star Mid-Rise Apartment Building
Location: Greenwich Village (CBD)
Property Overview
33 W Ninth Street presents a 5-unit multifamily property in the heart of Greenwich Village, one of Manhattan’s most prestigious and supply-constrained neighborhoods. Built in 1900, this 5-story, 5,525 sq. ft. walk-up offers investors a stable market-rate rental income stream with long-term upside potential through appreciation. Its prime downtown location ensures strong tenant demand from professionals, students, and long-term residents.
Read More
Key Features
- Price: $7,995,000
- Cap Rate: 4.40%
- Units: 5 (all market rate)
- Price per Unit: $1,599,000
- Gross Building Area (GBA): 5,525 sq. ft.
- Typical Floor Size: 1,105 sq. ft.
- Stories: 5
- Class: C
- Construction: Masonry
- Walk-Up: Yes
- Units per Acre: 125
- Year Built: 1900
Building & Rent Profile
- Type: 2-Star Mid-Rise Apartment Building
- Rent Type: Market rate
- Building Count: 1
Neighborhood & Accessibility
Located on West Ninth Street in Greenwich Village, this property benefits from one of New York City’s most vibrant residential and cultural districts. The neighborhood offers:
- Strong tenant demand from professionals, students, and creatives
- Proximity to Washington Square Park, NYU, SoHo, and Union Square
- Excellent transit options via multiple subway lines (A, C, E, B, D, F, M, 1, 2, 3, 4, 5, 6, L)
- A blend of historic character and modern amenities, driving premium rental rates
Investment Highlights
- Rare Greenwich Village multifamily offering with only 5 total units
- 100% market-rate tenancy provides flexibility for rent growth
- Attractive price per unit ($1.599M) for a trophy downtown asset
- Stable 4.40% cap rate in a blue-chip Manhattan location
- Historic walk-up structure with enduring tenant appeal
Summary
The 5-unit, 5-story multifamily building at 33 W Ninth Street represents a rare Greenwich Village investment opportunity. With its prime downtown location, market-rate rents, and long-term appreciation potential, this asset is well-suited for investors seeking a stable, income-producing property with strong upside in one of Manhattan’s most desirable neighborhoods.
