Multi-family

Unique Investment Opportunity in East Village
218 E 9th Street is an exceptional retail and residential property located in the vibrant East Village neighborhood of New York City. Listed at $7,850,000, or $1,597.48 per square foot, this property combines storefront retail with residential units, offering an attractive investment in a high-demand area.

Property Details:

• Address: 218 E 9th Street, New York, NY 10003
• Sale Price: $7,850,000 ($1,597.48 per sq. ft.)
• Property Type: 2-Star Retail Storefront with Residential Units
• Gross Leasable Area (GLA): 4,914 sq. ft.
• Typical Floor Size: 1,229 sq. ft.
• Stories: 4
• Class: C
• Docks: None
• Construction: Masonry

Key Features:

Prime East Village Location
Situated in the Central Business District of East Village, this property offers excellent visibility and accessibility, ideal for businesses seeking a storefront presence in a dynamic and culturally rich neighborhood. East Village is renowned for its eclectic mix of retail, dining, and residential appeal, attracting steady foot traffic and a diverse tenant base.

Mixed-Use Layout
This property’s combination of retail and residential space provides multiple income streams, with potential for retail tenants on the ground floor and residential units above. With a typical floor size of 1,229 square feet, each floor is designed to maximize functionality for both commercial and residential use, catering to various tenant needs.

Solid Investment in a High-Demand Area
Listed at $7,850,000, this masonry-constructed building represents a solid investment opportunity in a rapidly growing market. The property’s mixed-use nature and Class C rating provide potential for upgrades, offering investors the chance to increase its value and appeal further.

Conclusion:
218 E 9th Street is a rare investment opportunity in East Village, ideal for those looking to capitalize on New York City’s strong retail and residential markets. With its prime location, flexible use, and growth potential, this property stands out as a strategic choice for investors aiming to expand their portfolio in one of the city’s most sought-after neighborhoods.