530 E 5th St - Apartments FOR SALE


New York, NY 10009- Alphabet City
$9,000,000 USD
212-230-5998
530 E 5th St, New York, NY for Sale
$9,000,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

530 E 5th St
New York, NY 10009
Alphabet City


HIGHLIGHTS

  • 10 residential units, 100% Free Market
  • Tax class 2B limits tax increases to 8% per year and 30% over five years
  • Constructed in 2013 and exempt from Good Cause Eviction (GCE)
  • 38-foot-wide elevator building with communal garden area and finished roof deck
  • State-of-the-art luxury finishes: private balconies, key card access, video concierge
  • Close proximity to the F train stop at 2nd Avenue and two blocks from Tompkins Square Park

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer 530-532 East 5th Street (“Property”), a 38’ multifamily elevator property located on East 5th Street between Avenue A and Avenue B in the East Village neighborhood of Manhattan. East 5th street is an intimate, tree-lined street that embodies the characteristics that are making the East Village a budding rental and condominium conversion market. The 11,500± square foot property is a sleek 10-unit luxury elevator building with a communal garden grill area and finished common roof deck with stunning northern views. The building features two units on the ground floor, a 1-bedroom 1-bathroom unit and a spacious 2,275+/- SF 2-bedroom 2-bathroom rear garden duplex with an incredibly designed three-tiered Zen garden, seven spacious 2-bedroom 2-bathroom units with private balconies on floors 2-5, and a lightfilled 3-bedroom 3-bath penthouse duplex with a private balcony and roof deck on floors 5 and 6.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$783 USD /SF

# OF UNITS

10

PRICE/UNIT

$900,000

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

5

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R7B

APN/PARCEL ID

0400-0021

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

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