608 E 9th St - Apartments FOR SALE


New York, NY 10009- Alphabet City
$7,000,000 USD
212-430-5152
608 E 9th St, New York, NY for Sale
$7,000,000 USD
Apartments - FOR SALE
1/2
null | 5.54% Cap Rate

608 E 9th St
New York, NY 10009
Alphabet City


HIGHLIGHTS

  • Six-story multifamily building featuring twenty-four residential units in Manhattan’s East Village.
  • Approximately 67% of units are free-market, offering income growth potential through management strategies.
  • Located between Avenues B and C and adjacent to Tompkins Square Park, enhancing tenant livability.
  • Convenient access to public transit: L train at 1st Avenue, F train at 2nd Avenue, and 6 train at Astor Place.
  • First time on the market in over two decades, presenting an investment opportunity in a highly desirable rental corridor.

OVERVIEW

608 East 9th Street presents the opportunity to acquire a well-positioned multifamily asset in Manhattan's East Village, one of New York City's most established and consistently sought-after rental neighborhoods. Located between Avenues B and C and adjacent to Tompkins Square Park, the property benefits from strong residential demand driven by its vibrant neighborhood character, extensive retail and dining offerings, and convenient transit access. With a combination of stable occupancy, a majority free-market unit mix, and a prime East Village location, 608 East 9th Street offers investors a compelling opportunity to capitalize on one of New York City's most resilient multifamily markets.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

24

PRICE/UNIT

$291,667

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

East Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7-2

APN/PARCEL ID

0391-0011

ASK ABOUT THIS PROPERTY

John StewartMarcus & MillichapMore Info
212-430-5152

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John StewartMarcus & MillichapMore Info
212-430-5152

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