Multi-family

Introducing a Unique Investment Opportunity in Midtown East
Located at 924 3rd Avenue in the vibrant Midtown East district, this property offers a valuable opportunity for investors seeking multi-unit apartment buildings in a prime location. Priced at $6,250,000, this five-story, mid-rise apartment building presents a stable investment option in one of New York City’s central business districts.

Property Details:

• Address: 924 3rd Avenue, New York, NY 10022
• Asking Price: $6,250,000 ($694,444 per unit)
• Gross Building Area (GBA): 14,000 sq. ft.
• Square Footage per Floor: 2,300 sq. ft.
• Stories: 5
• Units: 9 residential units
• Building Class: C
• Location: Midtown East, Manhattan, New York City
• Market Segment: All
• Rent Type: Market Rate

Key Features:

Prime Midtown East Location
This property is ideally located in Midtown East, a high-demand area with convenient access to shopping, dining, and major city landmarks. The area attracts a diverse tenant base, including professionals who value the proximity to offices, retail, and cultural attractions.

Stable Income Potential
Featuring nine market-rate units spread across five stories, this mid-rise apartment building offers a steady revenue stream for investors. With 150 units per acre, the property is designed for efficient rental income generation in one of New York’s most sought-after rental markets.

Invest in New York’s Thriving Rental Market
At $6,250,000, this mid-rise property in Midtown East represents an attractive investment with solid income potential. Its prime location, solid construction, and competitive price per unit make it an appealing choice for investors aiming to expand their portfolio in New York City’s robust real estate market.

Conclusion:
924 3rd Avenue is an excellent investment for those looking to secure property in Midtown East. Its central location, established rental units, and stable market positioning make this property a standout option in New York’s competitive investment landscape.