Multi-family

Multifamily Investment Opportunity – 153 East 26th Street

Address: 153 E 26th Street, New York, NY, 10010
Asking Price: $12,000,000
Price/Unit: $800,000
Cap Rate: 5.29%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartments
Location: Central Business District (CBD) – Kips Bay / Gramercy Park Border
Gross Building Area (GBA): 15,800 SF
Units: 15
Stories: 8
Typical Floor Size: 1,975 SF
Class: C
Number of Buildings: 1
Units per Acre: 282/AC
Rent Type: Market
Market Segment: All

Investment Overview:

153 East 26th Street presents a rare opportunity to acquire a 15-unit multifamily building in the heart of Manhattan’s Kips Bay neighborhood, just steps from Madison Square Park and the Midtown South medical corridor. With a solid in-place income, market-rate rents, and a 5.29% cap rate, the asset offers immediate cash flow and long-term value in a supply-constrained submarket.

Property Highlights:

✔ 8-story mid-rise elevator building with solid structural integrity
✔ All units market-rate, offering upside through unit upgrades and rent growth
✔ Efficient unit mix and light-filled floor plates ideal for professional tenants
✔ Proximity to NYU Langone, Baruch College, and Lexington Avenue retail

Location Benefits:

✔ Prime CBD location near Gramercy Park, NoMad, and Midtown East
✔ Surrounded by strong residential demand and institutional employment drivers
✔ Excellent transit access to 6, N, R, and M subway lines
✔ Walkable to Whole Foods, Trader Joe’s, and multiple healthcare and educational anchors

Conclusion:

153 East 26th Street is a stable, income-producing multifamily asset with potential for long-term value appreciation and NOI growth. With its central location, market-rate status, and favorable in-place metrics, it is well-positioned for investors seeking durable income and minimal regulatory risk in a core Manhattan neighborhood.

Contact us today for a full financial breakdown, rent roll, and setup.