Multi-family
ScreenshotDescription
Low-Rise Apartment Investment Opportunity in Manhattan
Address: 327 E 17th Street, New York, NY 10003
Price: $6,950,000 ($463,333 per unit)
Sale Type: Investment
Property Type: 2-Star Low-Rise Apartments
Property Details:
- Gross Building Area (GBA): 10,208 sq. ft.
- Typical Floor Size: 1,701 sq. ft.
- Stories: 6
- Units: 15
- Class: C
- Number of Buildings: 1
- Units per Area: 323 per acre
- Location: Central Business District (CBD)
- Market Segment: All
- Rent Type: Market
Key Features:
Prime CBD Location
Situated in Manhattan’s Central Business District, 327 E 17th Street offers close proximity to essential amenities, major transit routes, and a bustling commercial area. This central location is appealing to both residents and investors, providing easy access to Manhattan’s vibrant lifestyle and employment opportunities.
Attractive Investment in a Growing Market
With 15 units and a price per unit of $463,333, this property is competitively positioned within the market segment. The low-rise, Class C designation offers potential for future upgrades, allowing investors to increase property value through strategic improvements.
Stable Market Rental Demand
All units are offered at market rent, catering to a diverse tenant base and maximizing income potential in a high-demand area. This rent structure ensures steady cash flow, making it an appealing choice for investors seeking long-term income stability.
Efficient Layout with Manageable Scale
With a Gross Building Area of 10,208 sq. ft. and typical floors of 1,701 sq. ft., this property’s manageable scale allows for efficient building operations and maintenance, which is ideal for investors looking to optimize rental income without the complexity of larger properties.
Conclusion:
327 E 17th Street is a compelling investment opportunity for those looking to acquire a well-positioned, market-rate apartment building in New York City. With a prime CBD location, manageable size, and potential for capital appreciation, this property is an excellent choice for investors aiming to benefit from Manhattan’s strong rental market.
