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501 E 6th St
New York, NY 10009
East Village Corner & Newly Redeveloped Multi · Multifamily Property For Sale
·
10 Units
Investment Highlights
- ±11.533 square foot corner building with nine residential units and a retail unit in a market with a high barrier to entry.
- Apartments are 100% fair market rent, maximizing potential value-add through leasing available spaces at market rent.
- Residential units have been recently gut renovated with new appliances, bathrooms, and countertops.
- Excellent investment opportunity with pro forma NOI of over $868,629 annually.
- Property benefits from Tax Class 2B status, which offers a protection against unlimited annual increases.
- Conveniently located in the heart of East Village, nearby Union Square, Tompkins Square Park and Stuyvesant Square.
Property Facts
| No. Units | 10 | Lot Size | 0.06 AC |
| Property Type | Multifamily | Building Size | 11,533 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1920 |
| Building Class | C | ||
| Zoning | R7, New York - Medium-Density Apartment House district with Lower Parking Requirements. | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 11,533 SF |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R7, New York - Medium-Density Apartment House district with Lower Parking Requirements. |
Amenities
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 3 | - | - |
| 4+2 | 2 | - | - |
Property Taxes
| Parcel Number | 0402-0001 | Improvements Assessment | $1,231,883 |
| Land Assessment | $91,117 | Total Assessment | $1,323,000 |
Property Taxes
Parcel Number
0402-0001
Land Assessment
$91,117
Improvements Assessment
$1,231,883
Total Assessment
$1,323,000
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