67 Pitt St - Apartments FOR SALE


New York, NY 10002- Lower East Side
$7,000,000 USD
212-660-7717
67 Pitt St, New York, NY for Sale
$7,000,000 USD
Apartments - FOR SALE
1/5
null | 6.43% Cap Rate

67 Pitt St
New York, NY 10002
Lower East Side


HIGHLIGHTS

  • A classic five-story Old Law Tenement (Building Class C4) constructed in 1920, offering vintage New York charm with enduring architectural character.
  • The property contains 20 residential units across 5 floors, consistent with its classification as a walk-up apartment building.
  • Situated in the heart of the Lower East Side, known for its historic roots, vibrant culture, nightlife, shopping, and evolving residential landscape.
  • Boasts a Walk Score of 99 (Walker’s Paradise), Transit Score of 100 (Rider’s Paradise), and Bike Score of 97 (Biker’s Paradise).
  • Close proximity (0.22–0.45 miles) to major subway lines including F, J, M, Z, offering quick access to Manhattan and Brooklyn.
  • Within short walking distance to schools such as P.S. 140 Nathan Straus and P.S. 142 Amalia Castro, plus nearby parks, shops, and dining options.

OVERVIEW

CBRE has been exclusively retained to arrange the sale of 67 Pitt Street (the “Property”), a five-story multifamily walk-up building located in Manhattan’s vibrant Lower East Side. The fully free-market asset features 20 well-maintained one-bedroom apartments and benefits from a prime position on Pitt Street, between Delancey and Rivington Streets, just a short walk from the Delancey–Essex Street subway station. The 25-foot-wide building offers approximately 9,570 square feet of residential space and achieves an average rent of about $2,700 per unit. Its prime location and free-market status present investors with strong potential for rent growth without significant renovations. The Lower East Side is a vibrant hub for students and young professionals, offering strong connectivity to major educational institutions like New York University and Pace University, as well as proximity to corporate headquarters in the Financial District and Midtown. These advantages reinforce submarket fundamentals, driving consistent demand and high occupancy levels. Transportation access is a key advantage, with the Delancey-Essex Street station providing quick access to Midtown and popular Brooklyn neighborhoods like Williamsburg and Bushwick. The Property is also near the Williamsburg, Manhattan, and Brooklyn Bridges, ensuring convenient vehicular access to outer boroughs. This offer presents a rare opportunity to acquire a well-maintained, cash-flowing multifamily asset in the Lower East Side. Featuring 20 free-market units with modern finishes and strong in-place income, the Property’s prime location near major transit and lifestyle amenities positions it for long-term appreciation and sustained rental demand.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$589 USD /SF

# OF UNITS

20

PRICE/UNIT

$350,000

CAP RATE

6.43%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,483 SF

ZONING

R7-2, New York

APN/PARCEL ID

0343-0060

ASK ABOUT THIS PROPERTY

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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Robert ShapiroCushman & WakefieldMore Info
212-660-7717

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