Multi-family

Key Features

1. Central Location: Situated in a vibrant and desirable neighborhood, the property benefits from proximity to retail shops, restaurants, cultural landmarks, and public transportation.
2. Investment Potential: With 17 market-rate units, this property offers a stable revenue stream, catering to the high demand for housing in this prime location.
3. Spacious Design: Each floor spans approximately 6,000 square feet, providing ample living space, appealing to tenants and enhancing long-term leasing potential.
4. Solid Construction: Classified as a 2-star mid-rise property, the building represents a stable investment in need of minor upgrades to unlock additional value.

Opportunities

This property is ideal for investors looking to:

• Expand their portfolio in a prime NYC location.
• Generate steady rental income from market-rate units.
• Upgrade or renovate units for increased market competitiveness and tenant retention.

Conclusion

21 West 9th Street presents a compelling investment option in one of New York City’s most dynamic and sought-after areas. Its blend of market-rate units, spacious design, and prime location makes it an attractive asset for seasoned investors.