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629 E 5th St 24 Unit Apartment Building $18,500,000 ($770,833/Unit) New York, NY 10009
Investment Highlights
- 100% Free Market Elevator Building
- Desirable Layouts Designed to Maximize Rents
- Meticulously Gut-Renovated with Condo-Quality Finishes
- Prime East Village Location
Executive Summary
Avison Young, as the exclusive agent, is pleased to offer for sale 629 East 5th Street (the “Property”), a 100% free market multifamily elevator building featuring 46.25 feet of frontage on the north side of tree-lined East 5th Street, between Avenue B and Avenue C in the East Village.
The Property spans approximately 18,523 square feet across twenty-four (24) residential units. The apartments offer spacious layouts ranging from one-bedroom to four-bedroom units, all with exceptional light and air. Each unit, along with the common areas, has been updated to include hardwood floors, stainless steel appliances, tiled spa-style bathrooms with heated floors, custom cabinetry, and in-unit washers and dryers.
629 East 5th Street presents investors with the opportunity to acquire a fully free market, boutique luxury rental building in one of Manhattan’s most vibrant residential neighborhoods.
The Property spans approximately 18,523 square feet across twenty-four (24) residential units. The apartments offer spacious layouts ranging from one-bedroom to four-bedroom units, all with exceptional light and air. Each unit, along with the common areas, has been updated to include hardwood floors, stainless steel appliances, tiled spa-style bathrooms with heated floors, custom cabinetry, and in-unit washers and dryers.
629 East 5th Street presents investors with the opportunity to acquire a fully free market, boutique luxury rental building in one of Manhattan’s most vibrant residential neighborhoods.
Property Facts
| Price | $18,500,000 | Building Class | C |
| Price Per Unit | $770,833 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 18,523 SF |
| No. Units | 24 | No. Stories | 6 |
| Property Type | Multifamily | Year Built/Renovated | 1920/1986 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R8B - High Density Residential | ||
| Price | $18,500,000 |
| Price Per Unit | $770,833 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 18,523 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1920/1986 |
| Opportunity Zone |
Yes |
| Zoning | R8B - High Density Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (99)
Property Taxes
| Parcel Number | 0387-0153 | Improvements Assessment | $1,128,451 |
| Land Assessment | $720,000 | Total Assessment | $1,848,451 |
Property Taxes
Parcel Number
0387-0153
Land Assessment
$720,000
Improvements Assessment
$1,128,451
Total Assessment
$1,848,451
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629 E 5th St
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