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East Village Multifamily Building

608 E 9th St, New York, NY 10009

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For Sale

$7,000,000

Six-story multifamily building in Manhattan's East Village.

Type:Multifamily

Property size:

11,496 SF

Lot size:

0.06 Acres

Price / SF:

$608/SF

HighLights

Located in the East Village, adjacent to Tompkins Square Park, offering access to retail, dining, and transportation.
Twenty‑four residential units in a six‑story multifamily building.
Sixteen free‑market and eight rent‑stabilized units.
Opportunity for income growth through active management and unit turnover.
Stable multifamily scale in an established rental neighborhood.
First time on the market in twenty‑five years.

We can help!

Listing Contact

John J. Stewart

Learn more

For Sale

$7,000,000

Six-story multifamily building in Manhattan's East Village.

Type:Multifamily

Property size:

11,496 SF

Lot size:

0.06 Acres

Price / SF:

$608/SF

Added:: Apr 3, 2026
Days on Market:: 77
Last Refresh:: Apr 3 at 5:36 am

Property Features for 608 E 9th St

General Information

Standard status: Active
Size: 11,496 SF
Lot size: 0.06 Acres
Property subtype: Multifamily

We can help!

Listing Contact

John J. Stewart

Listing agent John J. Stewart License #NY: 10311203263, NY: 10301205822

Listing office New York City Office

Listing date Apr 3, 2026

Source Marcusmillichap

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of New York City Office

HighLights

Located in the East Village, adjacent to Tompkins Square Park, offering access to retail, dining, and transportation.
Twenty‑four residential units in a six‑story multifamily building.
Sixteen free‑market and eight rent‑stabilized units.
Opportunity for income growth through active management and unit turnover.
Stable multifamily scale in an established rental neighborhood.
First time on the market in twenty‑five years.

Overview

The property is a six-story multifamily building located in Manhattan’s East Village. Constructed around 1910, the building contains twenty-four residential units, totaling approximately 11,496 square feet. The building's dimensions are 28 feet by 78 feet, situated on a 27.5’ x 93.92’ lot. The property features twenty-four one-bedroom units, with sixteen designated as free-market and eight as rent stabilized. The property is located between Avenues B and C, directly adjacent to Tompkins Square Park. The East Village neighborhood provides access to retail and dining options, as well as public transportation, including the L-train at 1st Avenue, the F-train at 2nd Avenue, and the 6-train at Astor Place. The property offers an opportunity for income growth through management and unit turnover.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$688.4k	$59.88
− Vacancy	−$34.4k	−$2.99
EGI	$654.0k	$56.89
− OpEx	−$294.3k	−$25.60
NOI	$359.7k	$31.29

11,496 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$5.14M

$4.50M – $5.99M (±1% cap)

NOI $359,679 @ 7.0% cap · market cap 5.14%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$28.62M

$25.04M – $33.38M (±1% cap)

NOI $2,003,063 @ 7.0% cap · market cap 28.62%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Art Loisaida Foundation Charitable Organization Fugue State Press High School

Suggested Use

Location Insight

Map
Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9798117
Latitude: 40.7259554

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For sale
Apartment buildings
NY
New York
10009
608 E 9th St

What type of property is this?

Apartment building - Six-story multifamily building in Manhattan's East Village.

Where is this apartment building located?

The property is located at 608 E 9th St New York, NY.

What is the asking price?

The asking price for this property is $7,000,000.

What are key features of this property?

This property features: Located in the East Village, adjacent to Tompkins Square Park, offering access to retail, dining, and transportation.; Twenty‑four residential units in a six‑story multifamily building.; Sixteen free‑market and eight rent‑stabilized units.

608 E 9th St, New York, NY 10009

Six-story multifamily building in Manhattan's East Village.

Property Features for 608 E 9th St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Second-Floor Professional Office

Medical/Dental Condo Ready

Manhattan Commercial Condo For Sale

Vacant First-Floor Retail Store

Established Medical-Dental Practice Condo

Chinatown Office Space Opportunity

Chinatown Office Space Opportunity

Detached Two-Family Home with Garage

Vacant Multi-Family Townhouse

Morningside Gold Coast Brownstone

Two-to-Four Unit Residential Property

Mixed-Use Building with Retail

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