214 E 32nd Street, New York, NY, 10016
For Sale: $3,450,000 ($431,250/Unit)
Property Overview:
Located in the heart of Manhattan’s Central Business District (CBD), 214 E 32nd Street presents an outstanding investment opportunity. This 3-Star Low-Rise Apartment Building features 8 market-rate units across 3 stories with a total Gross Building Area (GBA) of 3,201 square feet. Positioned in a highly desirable neighborhood, this Class C property is ideal for investors seeking stable income with value-add potential.
Key Details:
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- Units: 8 (Market Rent)
- Stories: 3
- Typical Floor Size: 1,067 SF
- Units per Area: 200/AC
- Building Count: 1
- Market Segment: All
Investment Highlights:
- Prime Manhattan Location: Situated in the CBD, this property benefits from excellent accessibility to transportation, dining, and retail options.
- Steady Cash Flow: Fully leased market-rate units provide consistent rental income in a competitive rental market.
- Efficient Layouts: With a typical floor size of 1,067 SF, the units offer efficient and functional spaces for tenants.
- Upside Potential: Opportunity exists to reposition or renovate the property to enhance rental income and overall value.
- Strong Demand: Positioned in a high-demand rental market, ensuring long-term occupancy and solid returns.
Summary:
Priced at $3,450,000, 214 E 32nd Street offers investors an attractive low-rise apartment building with stable income, prime location benefits, and future value-add potential. This property is a rare opportunity to invest in one of Manhattan’s thriving residential markets.
For further details or to schedule a property tour, contact us today!
