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94A Greenwich St 5 Unit Apartment Building $4,900,000 ($980,000/Unit) 4.52% Cap Rate New York, NY 10006
Investment Highlights
- Secure, cash-flowing asset with ongoing rental revenue and upside potential via vacancy or re-rent strategy.
- A stately façade and classic charm from 1915, delivering curb appeal with the integrity of a purpose-built asset.
- Enjoy a 100/100 Walk & Transit Score, steps from Rector, Wall Street, Broad St stations, linking to every corner of NYC.
Executive Summary
Historic charm meets astute urban investment at this exceptional 4-story, mixed-use building, nestled in the heart of Manhattan’s Financial District. Constructed in 1915 and thoughtfully updated in 2013, the property encompasses 4,878 sq. ft across 5 units—perfectly positioned for retail on first & second floor and 4 residential studios on third & fourth floor or owner-occupier opportunity. Great for all possibilities: For Investors: Immediate rental income, a strong landlord market of FiDi, and opportunity to refinance post-stabilization. For Owner-Users: Live in upgraded apartments while offsetting costs with retail income. For Developers: Explore future repositions, including converting residential units or enhancing retail, pending Zoning & FAR review.
Property Facts
| Price | $4,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $980,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4.52% | Building Size | 4,878 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1915/2013 |
| Zoning | C6-9 LM - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Price | $4,900,000 |
| Price Per Unit | $980,000 |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,878 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1915/2013 |
| Zoning | C6-9 LM - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
Property Taxes
| Parcel Number | 0053-0040 | Improvements Assessment | $308,340 |
| Land Assessment | $211,950 | Total Assessment | $520,290 |
Property Taxes
Parcel Number
0053-0040
Land Assessment
$211,950
Improvements Assessment
$308,340
Total Assessment
$520,290
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Presented by
TrumpHan Realty
94A Greenwich St
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