Mixed-Use Apartment and Retail
For Sale
$11,250,000
332 E 9th St, New York, NY 10003
Five-story, 25-foot-wide mixed-use building with 22 apartments and two retail units along an East Village corridor.
Property Size11,400 SF
Price / SF$986.84
Days on Market11
Property Features for 332 E 9th St
General Information
Standard status
Active
Size
11,400 SF
Property subtype
Multifamily
Zoning
R8B
Additional Details
Cap Rate
5.98%
Multifamily Units
22
Amenities
Prime East Village Location Between 1st and 2nd Avenue
Two Commercial Spaces in Prime Corridor
22 Apartments with 50% Free Market Component
Strong in Place Cash Flow
Close proximity to Tompkins Square Park
Building Details
Building Size
11,400 SF
Stories
5
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
(646) 805-1444
Listed By:
Dylan Torey · License #License(s): NY: 10401287828
(646) 805-1444
Source:
Marcusmillichap
Added: Jul 26
Changed: Jul 27
Last Checked: Aug 5 at 4:01AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This five-story, 25-foot-wide mixed-use building includes 22 apartments and two retail units. The property measures 25 feet by 76 feet and is zoned R8B (4.07 FAR). All free-market residential units, common areas, and the retail spaces have been upgraded.
The two commercial units total approximately 1,750 square feet and are occupied by Lady Wong Bakery and Sushi Kai, each operating at the property for more than a decade. The building is located in the East Village between First and Second Avenues, one block from Tompkins Square Park and St. Mark's Place.
With half of the residential units described as free-market and positioned above street-level retail, the property offers an established mixed-use configuration designed for ongoing residential and retail occupancy.
The two commercial units total approximately 1,750 square feet and are occupied by Lady Wong Bakery and Sushi Kai, each operating at the property for more than a decade. The building is located in the East Village between First and Second Avenues, one block from Tompkins Square Park and St. Mark's Place.
With half of the residential units described as free-market and positioned above street-level retail, the property offers an established mixed-use configuration designed for ongoing residential and retail occupancy.
Key Highlights
- 11,400 SF, five‑story mixed‑use building with 25‑ft width (25 ft x 76 ft) and 22 apartments plus two retail units
- Two retail units totaling approx. 1,750 SF leased to Lady Wong Bakery and Sushi Kai, each operating at the property for 10+ years
- Building includes 22 apartments, with 50% free‑market units for potential future rent increases and repositioning
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $682.6k | $59.88 |
| − Vacancy | −$34.1k | −$2.99 |
| EGI | $648.5k | $56.89 |
| − OpEx | −$291.8k | −$25.60 |
| NOI | $356.7k | $31.29 |
11,400 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$22.92M
$20.05M – $26.74M
NOI $1,604,260 @ 7.0% cap · market cap 14.26%
Second Best
Apartment 5plus
$5.10M
$4.46M – $5.94M
NOI $356,675 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$28.38M
$24.83M – $33.11M
NOI $1,986,336 @ 7.0% cap · market cap 17.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
22
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
27,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Five-story, 25-foot-wide mixed-use building with 22 apartments and two retail units along an East Village corridor.
Where is this apartment building located?
The property is located at 332 E 9th St New York, NY.
What is the asking price?
The asking price for this property is $11,250,000.
What are key features of this property?
This property features: 11,400 SF, five‑story mixed‑use building with 25‑ft width (25 ft x 76 ft) and 22 apartments plus two retail units; Two retail units totaling approx. 1,750 SF leased to Lady Wong Bakery and Sushi Kai, each operating at the property for 10+ years; Building includes 22 apartments, with 50% free‑market units for potential future rent increases and repositioning
