The Granite East Village Portfolio Multi-Family FOR SALE


New York, NY - Bowery
$42,000,000 USD
212-589-5118
, New York, NY for Sale
$42,000,000 USD
Multi-Family - FOR SALE
1/13
null | 7.1% Cap Rate

The Granite East Village Portfolio
New York, NY
Bowery


HIGHLIGHTS

  • Long term ownership
  • 4 Properties spanning ±71,145 square feet
  • Opportunity to acquire 117 units in highly desirable neighborhoods of New York City
  • High Occupancy Levels - 94% Occupied
  • Transit oriented
  • Prime East Village and Lower East Side Locations

OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange the sale of The Granite East Village Portfolio, a rare collection of three properties located across the East Village and Lower East Side of Manhattan. The offering is comprised of 117 units which span approximately 71,145 square feet (above grade). The residential mix includes 30 free-market units (26%), 80 rent-stabilized units (70%), and 4 rent-controlled units (4%), with the portfolio currently 94% occupied. There are 3 commercial spaces which are all currently occupied. This offering presents an opportunity to acquire exceptionally well-managed buildings with strong occupancy across some of New York City’s most desirable neighborhoods. Each asset benefits from proximity to major transportation and provides buyers with immediate, portfolio-wide diversification across multiple submarkets, unit types, and rent regulatory profiles. The East Village remains one of Manhattan’s most iconic and culturally rich neighborhoods, known for its eclectic character, historic architecture, and vibrant dining and nightlife scene. The area continues to attract a diverse tenant base, ranging from young professionals and students to long-term residents, driven by its walkability, strong amenity base, and connectivity to nearby transit. Demand for well-located, quality housing in the East Village consistently outpaces supply, underpinning stable occupancy and long-term rent growth.

ASK ABOUT THIS PROPERTY

Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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