Log In/Sign Up
Your email has been sent.
240 E 9th St 12 Unit Apartment Building $10,588,000 ($882,333/Unit) New York, NY 10003
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Manhattan For Sale!!!
- The Property Is Located In the Heart Of New York City Between 2nd Ave. & 3rd Ave. Only 6 Blocks From The FDR Drive!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, R8B/R7A/C1-5 Zoning, 8 Free Market Apartments, High 8’ Ceilings, 3 Phase Power, A/C, +++!!
- Neighbors Include Chase Bank, Citibank, Bank of America, NYU Langone, USPS, UPS, WholeFoods, Target, Best Buy, Staples, Walgreens, Ace Hardware, +++!!
- This Could Be Your Next Development Site or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 100% Occupied 13 Unit Mixed-Use Building In Manhattan For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B/R7A/C1-5 Zoning, 8 Free Market Apartments, High 8’ Ceilings, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of New York City Between 2nd Ave. & 3rd Ave. Only 6 Blocks From The FDR Drive!!! Neighbors Include Chase Bank, Citibank, Bank of America, NYU Langone, USPS, UPS, WholeFoods, Target, Best Buy, Staples, Walgreens, Ace Hardware, Trader Joe’s, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Tokyo Mama: $85,842.72 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30.
Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27.
Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26.
Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28.
Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27.
Apt. 5: $47,400 Ann.; Lease Exp.: 7/31/26.
Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26.
Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26.
Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26.
Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26.
Apt. 10: $12,000.60 Ann.
Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27.
Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28.
Gross Income: $544,902.12 Ann.
Expenses:
Fuel: $11,169.24 Ann.
Electric: $1,297.16 Ann.
Water & Sewer: $12,247.78 Ann.
Insurance: $11,428 Ann.
Maintenance & Repairs: $11,431.02 Ann.
Taxes: $107,350.14 Ann.
Total Expense: $154,923.35 Ann.
Net Operating Income (NOI): $389,978.77 Ann.
Income:
Tokyo Mama: $85,842.72 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/30.
Apt. 1: $51,600 Ann.; Lease Exp.: 4/30/27.
Apt. 2: $27,102.84 Ann.; Lease Exp.: 12/31/26.
Apt. 3: $49,200 Ann.; Lease Exp.: 2/28/28.
Apt. 4: $48,000 Ann.; Lease Exp.: 3/31/27.
Apt. 5: $47,400 Ann.; Lease Exp.: 7/31/26.
Apt. 6: $42,000 Ann.; Lease Exp.: 12/31/26.
Apt. 7: $48,000 Ann.; Lease Exp.: 10/31/26.
Apt. 8: $49,200 Ann.; Lease Exp.: 12/31/26.
Apt. 9: $50,400 Ann.; Lease Exp.: 10/31/26.
Apt. 10: $12,000.60 Ann.
Apt. 11: $24,204.24 Ann.: Lease Exp.: 10/31/27.
Apt. 12: $9,951.72 Ann.; Lease Exp.: 2/28/28.
Gross Income: $544,902.12 Ann.
Expenses:
Fuel: $11,169.24 Ann.
Electric: $1,297.16 Ann.
Water & Sewer: $12,247.78 Ann.
Insurance: $11,428 Ann.
Maintenance & Repairs: $11,431.02 Ann.
Taxes: $107,350.14 Ann.
Total Expense: $154,923.35 Ann.
Net Operating Income (NOI): $389,978.77 Ann.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$544,902
|
$59.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$544,902
|
$59.36
|
| Taxes |
$107,350
|
$11.69
|
| Operating Expenses |
$47,573
|
$5.18
|
| Total Expenses |
$154,923
|
$16.88
|
| Net Operating Income |
$389,979
|
$42.48
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $544,902 |
| Annual Per SF | $59.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $544,902 |
| Annual Per SF | $59.36 |
| Taxes | |
|---|---|
| Annual | $107,350 |
| Annual Per SF | $11.69 |
| Operating Expenses | |
|---|---|
| Annual | $47,573 |
| Annual Per SF | $5.18 |
| Total Expenses | |
|---|---|
| Annual | $154,923 |
| Annual Per SF | $16.88 |
| Net Operating Income | |
|---|---|
| Annual | $389,979 |
| Annual Per SF | $42.48 |
Property Facts
| Price | $10,588,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $882,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 12 | Building Size | 9,180 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | R8B/R7A/C1-5 | ||
| Price | $10,588,000 |
| Price Per Unit | $882,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 9,180 SF |
| No. Stories | 6 |
| Year Built | 1900 |
| Zoning | R8B/R7A/C1-5 |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Walk-Up
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0464-0033 | Total Assessment | $994,410 (2026) |
| Land Assessment | $146,250 (2026) | Annual Taxes | $107,350 ($11.69/SF) |
| Improvements Assessment | $848,160 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
0464-0033
Land Assessment
$146,250 (2026)
Improvements Assessment
$848,160 (2026)
Total Assessment
$994,410 (2026)
Annual Taxes
$107,350 ($11.69/SF)
Tax Year
2025
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
240 E 9th St