This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
226 E Tenth St
New York, NY 10003
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 5,728 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1900 |
| Building Class | C | ||
| Zoning | R7-2 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,728 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | R7-2 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. 7-2 has less parking requirements. |
ABOUT 226 E TENTH ST , NEW YORK, NY 10003
Meridian Investment Sales is pleased to present the Exclusive Offering for 226 East 10th Street, a four story multifamily building in the esteemed East Village neighborhood. Few neighborhoods have continued to evolve as swiftly as the East Village. The growth and success of prominent nearby universities, the surging office market in Midtown South, and the high density of dining and shopping options have drawn an influx of students and young professionals seeking a 24/7 community. The building totals 5,728 gross square feet and contains eight spacious apartments (four Free Market and four Rent Stabilized). Investors have an excellent opportunity to renovate apartments and generate significantly increased cash flows. The rents in 226 East 10th Street are as much as thirty percent below comparable neighborhood buildings. Additionally, the property contains approximately 3,500 square feet of extremely valuable air rights, which will allow incoming investors flexibility to potentially add several floors. Investors should consult with zoning counsel regarding the expansion opportunity.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
PROPERTY TAXES
| Parcel Number | 0451-0024 | Improvements Assessment | $204,817 |
| Land Assessment | $37,450 | Total Assessment | $242,267 |
PROPERTY TAXES
