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.

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.