45 Essex St - Apartments FOR SALE


New York, NY 10002- Lower East Side
$5,000,000 USD
212-951-1041
45 Essex St, New York, NY for Sale
$5,000,000 USD
Apartments - FOR SALE
1/7
null | 5.88% Cap Rate

45 Essex St
New York, NY 10002
Lower East Side


HIGHLIGHTS

  • Transit Oriented Location
  • Upside Potential
  • Superior Market
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of 45 Essex Street, a nineteen (19) unit mixed-use investment property located in the Lower East Side neighborhood of New York, New York (the “Property”). 45 Essex Street is a six-story brick building that contains three commercial units on the lower levels and sixteen (16) Studio units in an 8,224 square foot building on a 0.06-acre parcel. The Property is situated in an incredible urban infill location in the Lower East Side neighborhood of Manhattan. 45 Essex Street is positioned between Hester Street and Grand Street and is across the street from Seward Park and a short walk from Essex Crossing, a dynamic multiproperty neighborhood development located at the intersection of Delancey Street and Essex Street. The Property enjoys convenient access to the MTA bus line, several subway stations, the Manhattan and Williamsburg Bridges, and the city’s highways. The Property is 0.1-miles from Delancey Street and 0.2-miles from Canal Street, two of the area’s primary commercial corridors, and enjoys convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Property is close to several area parks and schools and is 1-mile from the Brooklyn Bridge, 1.2-miles from New York University (NYU), and just a short walk from popular neighborhoods including Bowery, SOHO, NOLITA, Financial District, and Greenwich Village. 45 Essex Street offers the rare opportunity to acquire a nineteen (19) unit mixed-use asset in one of the country’s best performing real estate markets.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$608 USD /SF

# OF UNITS

19

PRICE/UNIT

$263,158

CAP RATE

5.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C6-2

APN/PARCEL ID

0310-0023

ASK ABOUT THIS PROPERTY

Robert AaronHorvath & TremblayMore Info
212-951-1041

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Robert AaronHorvath & TremblayMore Info
212-951-1041

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