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320 E 11th St 32 Unit Apartment Building $3,200,000 ($100,000/Unit) 5.94% Cap Rate New York, NY 10003
INVESTMENT HIGHLIGHTS
- Located on a tree-lined block in the East Village Historic District.
- Steps from 14th Street Shopping, Whole Foods, Union Square.
- Tenants in Place.
- Transit Access: Near 4/5/6, Q/N/R/L subway lines.
- Two Interconnected 4-Story Walk-up SROs.
- CONH Available for Front Building.
EXECUTIVE SUMMARY
All offers will be considered* 320 East 11th Street offers a rare investment opportunity in the heart of the East Village Historic District. Set on a charming tree-lined block, the property comprises two connected four-story SRO buildings—front and rear—featuring 28 single-room units and a retail storefront, anchored by a shared courtyard.
Of the 28 units, 19 include private toilets and 8 have full private bathrooms, providing a flexible unit mix. A Certificate of No Harassment is available for the front building. The property is delivered with tenants in place.
Jake Great talking to you on the phone today
Attached find rent roll
Both buildings has certificates of non harassment
Will not last
Of the 28 units, 19 include private toilets and 8 have full private bathrooms, providing a flexible unit mix. A Certificate of No Harassment is available for the front building. The property is delivered with tenants in place.
Jake Great talking to you on the phone today
Attached find rent roll
Both buildings has certificates of non harassment
Will not last
PROPERTY FACTS
| Price | $3,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 5.94% | Building Size | 16,000 SF |
| No. Units | 32 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | R8B - High Density Residential | ||
| Price | $3,200,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 16,000 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Zoning | R8B - High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | 300 |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 0452-0018 | Improvements Assessment | $817,940 |
| Land Assessment | $74,700 | Total Assessment | $892,640 |
PROPERTY TAXES
Parcel Number
0452-0018
Land Assessment
$74,700
Improvements Assessment
$817,940
Total Assessment
$892,640
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320 E 11th St
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