Residential Investment Property for Sale – 13 East 9th Street, New York, NY 10003
Asking Price: $8,900,000 ($1,483,333 / Unit)
Sale Type: Investment
Property Type: 3-Star Mid-Rise Apartments
Location: CBD (Greenwich Village)
Availability: Immediate
Property Overview
13 East 9th Street presents a rare multifamily investment opportunity in the heart of Greenwich Village, one of Manhattan’s most desirable residential neighborhoods. This 5-story mid-rise walk-up contains 6 market-rate units across 6,702 square feet of gross building area (GBA). With large, efficient layouts averaging 1,117 sq. ft. per unit, the property is well-positioned for long-term rent growth and stable occupancy.
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Key Features
- Units: 6 (all market-rate)
- Asking Price: $8,900,000
- Price per Unit: $1,483,333
- Gross Building Area (GBA): 6,702 sq. ft.
- Stories: 5
- Class: B
- Construction: Traditional masonry, walk-up
- Typical Floor Size: 1,340 sq. ft.
- Units per Acre: 120
Rent & Market Profile
- Rent Type: 100% Market Rate
- Market Segment: All renters (students, professionals, and long-term residents)
- Neighborhood Advantage: Greenwich Village offers one of Manhattan’s most supply-constrained rental markets, ensuring strong long-term rent appreciation and low vacancy risk.
Investment Highlights
- Rare 6-unit multifamily in Greenwich Village, a high-demand Manhattan submarket
- Market-rate units offer immediate income with strong upside potential
- Attractive per-unit pricing at $1.48M in a blue-chip neighborhood
- 5-story walk-up with classic character and consistent tenant demand
Summary
The 6-unit property at 13 East 9th Street represents a premier investment in a historically strong rental market. With 6,702 sq. ft. of GBA, 6 market-rate units, and a prime Greenwich Village location, the property offers stable cash flow with significant appreciation potential. Its size, pricing, and neighborhood positioning make it well-suited for investors seeking a boutique multifamily asset in one of Manhattan’s most prestigious districts.
