Residential Investment Property for Sale – 407 E 6th Street, New York, NY 10009
Asking Price: $5,400,000 ($1,350,000/Unit)
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: East Village / CBD
Availability: Immediate
Property Overview
407 East 6th Street offers a 4-unit multifamily investment property in the heart of Manhattan’s East Village. With a total gross building area of 5,182 sq. ft., this 5-story walk-up provides spacious units averaging 1,295 sq. ft. each. Fully market-rate, the property offers stable income with room for long-term rent appreciation. Its prime East Village location ensures strong demand from young professionals, students, and long-term tenants seeking proximity to nightlife, dining, and transit.
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Key Features
- Price: $5,400,000
- Units: 4 (all market-rate)
- Price per Unit: $1,350,000
- Gross Building Area (GBA): 5,182 sq. ft.
- Average Unit Size: 1,295 sq. ft.
- Typical Floor Size: 1,321 sq. ft.
- Stories: 5
- Class: C
- Construction: Masonry (walk-up)
- Buildings: 1
- Units per Acre: 100
Rent & Market Profile
- Rent Type: 100% Market Rate
- Market Segment: All renters (students, professionals, long-term residents)
- Location Advantage: East Village offers one of Manhattan’s most dynamic rental markets, benefiting from strong tenant demand and limited multifamily supply
Investment Highlights
- Fully market-rate units with strong upside in rent growth
- Prime East Village location — a high-demand submarket of Manhattan
- Rare small-scale multifamily investment with large unit sizes
- Attractive per-unit pricing and long-term value potential
Summary
The 4-unit mid-rise at 407 E 6th Street represents a rare East Village investment opportunity, offering 5,182 sq. ft. of rentable space in one of Manhattan’s most dynamic rental submarkets. With market-rate tenants, large unit layouts, and stable income potential, the property is well-suited for investors seeking long-term appreciation and reliable cash flow.
