Marcus & Millichap proudly presents 125 Madison Street, a remarkable investment opportunity in the heart of the Lower East Side. Positioned on a pristine block located between Market Street and Pike Street, this building boasts 16 units and spans an approximate area of 8,675 square feet. The building is 25’ x 86’ and sits on a 25’ x 100’ lot (Block: 275, Lot: 1). The property is zoned R7-2.
THE OPPORTUNITY
• Strong In-Place Cash Flow: 125 Madison Street offers investors immediate and stable income with an asking cap rate of 6.7%, providing strong day-one cash flow compared to similar Manhattan multifamily opportunities. The property’s fully occupied rent-stabilized residential component creates dependable income with long-term hold potential.
• Attractive Basis: Offered at approximately $346 per square foot, the property presents investors with the opportunity to acquire a well-located Manhattan multifamily asset at a compelling basis relative to replacement cost and recent comparable sales throughout the downtown market.
• Prime Lower East Side Location: Situated in the heart of the Lower East Side between Market Street and Pike Street, the property benefits from one of Manhattan’s most dynamic rental markets. The surrounding area offers an unparalleled mix of restaurants, nightlife, parks, and cultural amenities. Nearby attractions include Essex Market, Seward Park, the East River waterfront, and countless dining destinations. The property also provides convenient access to the F, M, J, and Z subway lines, ensuring strong tenant demand and long-term neighborhood appeal.