Multi-family

Prime Investment Opportunity in East Village – 351 E 4th Street, New York, NY
Introducing an outstanding investment property in the heart of the East Village. Priced at $17,000,000, this 8-story mid-rise apartment building combines market-rate and rent-stabilized units, providing investors with a balanced income portfolio. With a central location and a mix of market and affordable units, this property offers both stability and growth potential in one of Manhattan’s most vibrant areas.

Property Details:

• Address: 351 E 4th Street, New York, NY 10009
• Asking Price: $17,000,000 ($3,400,000 per unit)
• Cap Rate: 2.68%
• Gross Building Area (GBA): 30,629 sq. ft.
• Typical Floor Size: 3,829 sq. ft.
• Stories: 8
• Units: 5 residential units (market/affordable), with 33 rent-stabilized affordable units
• Average Unit Size: 600 sq. ft.
• Building Class: B
• Location: Central Business District, East Village, Manhattan
• Market Segment: All
• Rent Type: Market and Affordable
• Affordable Type: Rent Stabilized

Key Features:

Prime East Village Location in a Thriving District
Located in Manhattan’s East Village, this property enjoys high demand with excellent access to retail, dining, and cultural attractions. The location’s strong appeal attracts a diverse tenant base, contributing to high occupancy rates and a resilient income stream.

Balanced Portfolio with Market and Rent-Stabilized Units
With both market-rate and rent-stabilized units, this property offers a balanced portfolio that can weather market fluctuations. The rent-stabilized units ensure stability and steady income, while the market-rate units provide growth potential.

Exceptional Investment in Manhattan’s East Village
Priced at $17,000,000 with a cap rate of 2.68%, this property is a solid investment opportunity. Its prime location, blend of rent types, and robust structure make it an ideal choice for investors seeking reliable returns in New York City’s competitive real estate market.

Conclusion:
351 E 4th Street presents a unique investment opportunity in the East Village. With its ideal location, mix of unit types, and substantial income potential, this property is an excellent choice for investors looking to diversify their portfolio in Manhattan.