327 E 14th St - Apartments FOR SALE


New York, NY 10003- Gramercy Park
$4,300,000 USD
917-345-3229
327 E 14th St, New York, NY for Sale
$4,300,000 USD
Apartments - FOR SALE
1/4
null | 4.88% Cap Rate

327 E 14th St
New York, NY 10003
Gramercy Park


HIGHLIGHTS

  • 11 Residential units 9 of them are Free Market & 2 are Rent-stabilized
  • 81.82% Free Market
  • Cash-flowing asset with immediate upside
  • Under market-rate Rents
  • Prime East Village location 14th St between 2nd & 1st Ave 2 blocks from Union Square

OVERVIEW

The Corcoran Group has been exclusively retained to offer for the sale of 327 East 14th St a 5-story residential building In the heart of the East Village. The Property spans 5,431 square feet across Eleven (11) residential units. Of the residential units, Nine (9) are free market and Two (2) are rent stabilized. This property offers investors the rare opportunity to acquire a majority free market asset in the East Village section of Manhattan, New York with lots of upside potential (Rents are currently below market rate) The property is located in Prime East Village location 14th St between 2nd & 1st Ave 2 blocks from Union Square, location provides convenient access to public transportation, including major subway lines, bus routes, and bike lanes, as well as an array of dining & Trader Joes, Whole foods, Union Square park, Mount Sinai Hospital,NYU,Parsons, etc Public Transportation First Avenue Train Station- L Train /M15 Select Bus ,M14D , M14A Union Square Train Station- 4,5,6,N,Q,R,W,L Trains

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$792 USD /SF

# OF UNITS

9

PRICE/UNIT

$477,778

CAP RATE

4.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,370 SF

ZONING

C1-6A

APN/PARCEL ID

0921-0016

ASK ABOUT THIS PROPERTY

Yorlyn LopezCorcoranMore Info
917-345-3229

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

Yorlyn LopezCorcoranMore Info
917-345-3229

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