301 E Houston St - Apartments FOR SALE


New York, NY 10002- Lower East Side
$3,000,000 USD
631-235-9741
301 E Houston St, New York, NY for Sale
$3,000,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

301 E Houston St
New York, NY 10002
Lower East Side


HIGHLIGHTS

  • Four-unit mixed-use building with three residential apartments and one retail space.
  • 100% free market residential units with one current vacancy for immediate lease-up.
  • Retail space secured by a new long-term lease with a deli tenant.
  • Located in the Lower East Side, steps from dining, shopping, and cultural attractions.

OVERVIEW

301 E Houston Street presents a rare opportunity to acquire a fully market-rate, mixed-use property in Manhattan’s vibrant Lower East Side. This four-story walk-up building features three residential apartments and one ground-floor retail space, offering a balanced income stream and long-term investment stability. The retail unit is newly leased to a deli under a long-term agreement, providing secure cash flow, while the residential units are all free market, allowing for future rent growth and flexibility. The building also has 2,649 SF of unused air rights Located steps from the renowned Clinton Street Baking Company and surrounded by an eclectic mix of restaurants, shops, and cultural destinations, the property benefits from exceptional neighborhood demand. Its proximity to the F, M, J, and Z subway lines ensures convenient access throughout Manhattan and Brooklyn, enhancing tenant appeal. With projected annual income of $243,756 and an NOI of $163,716, this asset offers strong fundamentals and upside potential in one of New York City’s most dynamic submarkets.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$833 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,000,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

R8A

APN/PARCEL ID

0350-0054

ASK ABOUT THIS PROPERTY

Michael ShermanBaseline Real Estate AdvisorsMore Info
631-235-9741

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Michael ShermanBaseline Real Estate AdvisorsMore Info
631-235-9741

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.