Investment Opportunity – 137 E 13th Street, East Village
Asking Price: $3,100,000
Price/SF: $1,849.64
Cap Rate: 4.50%
Net Operating Income (NOI): $139,387
Sale Type: Investment
Status: Active
Property Overview:
Located in the heart of Manhattan’s East Village, 137 E 13th Street presents an exceptional investment opportunity with stable in-place income and upside potential. This Class B, 3-Star mid-rise condo property spans 10 stories and includes 8 residential units. With a Gross Building Area (GBA) of 13,851 SF and a typical floor plate of 2,649 SF, the building offers efficient layouts in a highly desirable location.
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Key Highlights:
- Prime CBD Location: Situated in one of Manhattan’s most vibrant neighborhoods, steps from Union Square, major universities, tech hubs, and boutique retail corridors
- Market-Rate Units: All 8 residential units are market-rent stabilized, offering flexible rent growth potential
- Efficient Layout: 10-story structure with well-proportioned residential units across a total of 13,851 SF
- Stable Income: 4.50% cap rate on current operations with NOI of $139,387
- Investment Quality: Turnkey condo asset ideal for 1031 exchange, long-term hold, or value-add conversion
Property Details:
- Building Class: B
- Units: 8 Residential
- Stories: 10
- Typical Floor Size: 2,649 SF
- Total GBA: 13,851 SF
- Construction Type: Mid-rise masonry
- Zoning & Use: Multifamily, Investment (Condo Structure)
Conclusion:
137 East 13th Street offers investors a rare chance to acquire a boutique residential condo asset in a high-demand, transit-rich Manhattan submarket. With strong cash flow, excellent neighborhood amenities, and significant upside potential, this property represents a compelling acquisition for both seasoned and institutional investors.
Inquire today for a full financial package, rent roll, and private tour.
