629 5Th St, New York, NY 10009
24 Unit Apartment Building | $19,950,000 ($831,250/Unit) | 6% Cap Rate | New York, NY 10009
For Sale
Active
Asking Price $19,950,000
- Property Type
-
Multifamily
- Square Feet
- 18,523 SF
Listing Contacts
Joseph Koicim
Logan Markley
Matthew Berger
Kory Barbanel
Property Overview
The New York Multifamily team of Marcus and Millichap is pleased to exclusively offer for sale 629 East 5th Street, which is located in the heart the East Village. Located on the North side of East 5th Street between Avenue B and Avenue C, this 24-unit multifamily property is comprised of approximately 18,500 square feet with 46’ of frontage. The property sits on a 46’ x 97’ lot (Block: 387 Lot: 153) and is built 46’ x 80’. The property is zoned R7B.
Trophy 100% Free Market Asset: 629 East 5th Street presents a rare opportunity to own a trophy 100% free market elevator building with 46 feet of frontage on East 5th Street in the East Village.
Diverse Unit Mix: This six-story 18,500 square foot multifamily building contains 24 residential units with a diverse unit mix of 6 one-bedroom apartments, 1 two-bedroom unit, 12 three-bedroom units and 5 four-bedroom unit.
High End Finishes: Finishes in most units include Hardwood Floors, Stainless Steel Appliances, Dishwasher, Spa Style Bathroom, Tons of Natural Light, Heated Bathroom Floor, In-Unit Washer/Dryer.
Location & Transportation: Located in the Heart of the East Village, 629 East 5th Street has a Natural Strong Demand Given its Centralized Location and Access to all the Neighborhood has to Offer. This creates a strong demand of renters and tenants given endless supply of restaurants, nightlife, parks, shopping, and transportation. The properties’ nearby attractions include, Astor Place, Union Square, NYU, Whole Foods and more. Top restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires and too many more to name. Conveniently Located Walking distance to the F, M, Z and J Trains.
Trophy 100% Free Market Asset: 629 East 5th Street presents a rare opportunity to own a trophy 100% free market elevator building with 46 feet of frontage on East 5th Street in the East Village.
Diverse Unit Mix: This six-story 18,500 square foot multifamily building contains 24 residential units with a diverse unit mix of 6 one-bedroom apartments, 1 two-bedroom unit, 12 three-bedroom units and 5 four-bedroom unit.
High End Finishes: Finishes in most units include Hardwood Floors, Stainless Steel Appliances, Dishwasher, Spa Style Bathroom, Tons of Natural Light, Heated Bathroom Floor, In-Unit Washer/Dryer.
Location & Transportation: Located in the Heart of the East Village, 629 East 5th Street has a Natural Strong Demand Given its Centralized Location and Access to all the Neighborhood has to Offer. This creates a strong demand of renters and tenants given endless supply of restaurants, nightlife, parks, shopping, and transportation. The properties’ nearby attractions include, Astor Place, Union Square, NYU, Whole Foods and more. Top restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires and too many more to name. Conveniently Located Walking distance to the F, M, Z and J Trains.
Property Details
- Class
- C
- Year Built/Renovated
- 1920/1986
- Stories
- 6
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 24
Highlights
- Trophy 100% Free Market Asset
- Finishes in most units include Hardwood Floors, Stainless Steel Appliances, Dishwasher, Spa Style Bathrooms and more
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