Multi-family
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Prime Investment Opportunity in the Heart of New York City
170 7th Ave offers a unique chance to acquire a 2-Star Mid-Rise Apartment Building located in the Central Business District (CBD) of New York City. Listed at $15,000,000, this property is part of an investment portfolio and presents potential for strong returns in a highly sought-after market segment.
Property Details:
- Address: 170 7th Ave, New York, NY 10011
- Sale Price: $15,000,000 ($250,000 per unit)
- Sale Type: Investment
- Property Type: 2-Star Mid-Rise Apartments
- Building Class: C
- Total Units: 12
- Average Unit Size: 612 sq. ft.
- Gross Building Area (GBA): 5,275 sq. ft.
- Typical Floor Size: 1,319 sq. ft.
- Stories: 4
- Units per Acre: 250/AC
- Buildings: 1
- Market Segment: All
- Rent Type: Market
Key Features:
Centrally Located in the CBD
This property’s location on 7th Avenue places it in the heart of Manhattan’s Central Business District, with easy access to amenities, transportation, and major attractions. The prime CBD setting makes it highly attractive to tenants seeking a balance between work and city life.
Investment Appeal
Priced at $250,000 per unit, this property offers excellent potential for rental income and property appreciation. The Class C rating indicates an opportunity for value-add renovations or enhancements, providing investors with flexibility to maximize return on investment.
Efficient Unit Layout and Building Design
Each of the 12 units averages 612 square feet, making the property suitable for a range of tenant needs. With a 4-story layout and 1,319 square feet per floor, the building offers efficient use of space, catering to the city’s high-demand rental market.
Conclusion:
170 7th Ave is a rare opportunity for investors to acquire a centrally located mid-rise apartment building in New York City’s bustling CBD. With its prime location, rental potential, and value-add opportunities, this property is an attractive choice for investors looking to expand their portfolio in one of the world’s most dynamic real estate markets.
