Investment Opportunity – Condo for Sale at 25 Charles Street
Address: 25 Charles Street, New York, NY, 10014
Price: $1,700,000
Cap Rate: 6.20%
Sale Type: Investment
Type: 2-Star Mid-Rise Apartments Condo
Property Overview:
Located in the highly desirable West Village, 25 Charles Street presents a prime investment opportunity in one of Manhattan’s most sought-after residential neighborhoods. This 6-story, 30-unit mid-rise apartment building offers steady rental income potential with a competitive cap rate of 6.20%. The property is well-positioned to benefit from the high demand for rental units in the area, making it an ideal opportunity for investors seeking stable cash flow and long-term appreciation.
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Key Features:
Prime West Village Location:
- Situated in the heart of the West Village, a highly desirable, low-density residential area with strong demand for rentals.
- Close to Washington Square Park, the Hudson River Greenway, and top-tier dining, shopping, and nightlife options.
- Surrounded by historic brownstones, boutique residences, and high-end retail, making it a prestigious investment area.
Strong Investment Potential:
- 30 residential units, offering consistent rental income.
- Cap rate of 6.20%, providing a solid return on investment.
- Well-maintained mid-rise building, with potential for value-add improvements.
Building Specifications:
- 6 stories with 30 units, ideal for long-term tenants or short-term rental strategies.
- Gross Building Area (GBA): 20,593 SF, with a typical floor size of 3,658 SF.
- Class C property, offering an opportunity for renovation and increased rental yields.
Excellent Transit Access:
- Steps from major subway lines (1, A, C, E, B, D, F, M), ensuring easy access for residents.
- Close to PATH trains and major thoroughfares, increasing regional commuter appeal.
High-Demand Rental Market:
- The West Village remains one of NYC’s most desirable rental markets, attracting young professionals, students, and high-income tenants.
- Ideal for investors looking for stable rental income in a prime Manhattan location.
Highlights:
✔ 30-unit mid-rise apartment condo in the West Village
✔ $1,700,000 sale price with a 6.20% cap rate
✔ Strong rental demand and long-term appreciation potential
✔ Surrounded by historic townhouses, parks, and vibrant dining and nightlife
✔ Convenient transit access, steps from subway lines and major transportation routes
Conclusion:
25 Charles Street presents an exceptional investment opportunity for buyers looking to acquire a stable, income-generating multifamily property in the heart of the West Village. With a prime location, steady rental income, and strong long-term value, this property is perfect for investors seeking both immediate returns and future appreciation.
Contact us today to schedule a private tour and secure this prime investment property!
