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530 E 5th St 10 Unit Apartment Building $9,000,000 ($900,000/Unit) New York, NY 10009
Investment Highlights
- 10 residential units, 100% Free Market
- Constructed in 2013 and exempt from Good Cause Eviction (GCE)
- State-of-the-art luxury finishes: private balconies, key card access, video concierge
- Tax class 2B limits tax increases to 8% per year and 30% over five years
- 38-foot-wide elevator building with communal garden area and finished roof deck
- Close proximity to the F train stop at 2nd Avenue and two blocks from Tompkins Square Park
Executive Summary
Avison Young, as exclusive agent, is pleased to offer 530-532 East 5th Street (“Property”), a 38’ multifamily elevator property located on East 5th Street between Avenue A and Avenue B in the East Village neighborhood of Manhattan. East 5th street is an intimate, tree-lined street that embodies the characteristics that are making the East Village a budding rental and condominium conversion market.
The 11,500± square foot property is a sleek 10-unit luxury elevator building with a communal garden grill area and finished common roof deck with stunning northern views. The building features two units on the ground floor, a 1-bedroom 1-bathroom unit and a spacious 2,275+/- SF 2-bedroom 2-bathroom rear garden duplex with an incredibly designed three-tiered Zen garden, seven spacious 2-bedroom 2-bathroom units with private balconies on floors 2-5, and a lightfilled 3-bedroom 3-bath penthouse duplex with a private balcony and roof deck on floors 5 and 6.
The 11,500± square foot property is a sleek 10-unit luxury elevator building with a communal garden grill area and finished common roof deck with stunning northern views. The building features two units on the ground floor, a 1-bedroom 1-bathroom unit and a spacious 2,275+/- SF 2-bedroom 2-bathroom rear garden duplex with an incredibly designed three-tiered Zen garden, seven spacious 2-bedroom 2-bathroom units with private balconies on floors 2-5, and a lightfilled 3-bedroom 3-bath penthouse duplex with a private balcony and roof deck on floors 5 and 6.
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Property Facts
| Price | $9,000,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $900,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.09 AC |
| No. Units | 10 | Building Size | 11,500 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2012 |
| Zoning | R7B | ||
| Price | $9,000,000 |
| Price Per Unit | $900,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 11,500 SF |
| No. Stories | 5 |
| Year Built | 2012 |
| Zoning | R7B |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 650 |
| 1+1.5 | 1 | - | 2,275 |
| 2+1 | 7 | - | 800 |
| 3+3 | 1 | - | 1,175 |
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Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Exceptionally bikeable
100/100
Property Taxes
| Parcel Number | 0400-0021 | Improvements Assessment | $2,015,036 |
| Land Assessment | $204,364 | Total Assessment | $2,219,400 |
Property Taxes
Parcel Number
0400-0021
Land Assessment
$204,364
Improvements Assessment
$2,015,036
Total Assessment
$2,219,400
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