629 E 5th St - Apartments FOR SALE


New York, NY 10009- Alphabet City
$20,000,000 USD
212-858-9361
629 E 5th St, New York, NY for Sale
$20,000,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

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


HIGHLIGHTS

  • 100% Free Market Elevator Building
  • Meticulously Gut-Renovated with Condo-Quality Finishes
  • Desirable Layouts Designed to Maximize Rents
  • Prime East Village Location

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 629 East 5th Street (the “Property”), a 100% free market multifamily elevator building featuring 46.25 feet of frontage on the north side of tree-lined East 5th Street, between Avenue B and Avenue C in the East Village. The Property spans approximately 18,523 square feet across twenty-four (24) residential units. The apartments offer spacious layouts ranging from one-bedroom to four-bedroom units, all with exceptional light and air. Each unit, along with the common areas, has been updated to include hardwood floors, stainless steel appliances, tiled spa-style bathrooms with heated floors, custom cabinetry, and in-unit washers and dryers. 629 East 5th Street presents investors with the opportunity to acquire a fully free market, boutique luxury rental building in one of Manhattan’s most vibrant residential neighborhoods.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$1,080 USD /SF

# OF UNITS

24

PRICE/UNIT

$833,333

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

6

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,461 SF

ZONING

R8B

APN/PARCEL ID

0387-0153

ASK ABOUT THIS PROPERTY

Ryan McGuirlAvison YoungMore Info
212-858-9361

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Ryan McGuirlAvison YoungMore Info
212-858-9361

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