Listing Agency: Misrahi Realty Group

Listed By: Nathanael Lewit · License #10401352757

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Sep 1 at 9:59AM

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Investment Insights

Based on property information with market context.

This multifamily building is located at 49 Essex Street in New York, NY 10002. The property is classified as an apartment building and residential income property, with a reported 5% cap rate.

The asset is situated in Manhattan’s Lower East Side neighborhood, providing a defined urban location for a multifamily investment.

Key Highlights

• Multifamily building at 49 Essex St, New York, NY 10002
• Reported 5% cap rate
• Located in Manhattan’s Lower East Side

Property Analytics

Property Profile

Current Use

essex convenience Grocery & Convenience Store Bounce Luggage Storage ... Storage Facility

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet (Bike/Boat/Book/etc) Store Clothing & Fashion Store Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21,401

Businesses Nearby

Explore this area Business Placement

Demographics for 10002, NY

82,155

Population

39,646

Households

2.1

Avg Household Size

41

Median Age

39%

College-Educated

71%

High-School Grad

0.8 sq mi

ZIP Area

102,694

Density / Sq Mi

$46,525

Median Household Income

$51,425

Median Earnings

$1,207

Median Rent

$808,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property in Manhattan’s Lower East Side.

Where is this apartment building located?

The property is located at 49 Essex St New York, NY.

What are key features of this property?

This property features: Multifamily building at 49 Essex St, New York, NY 10002; Reported 5% cap rate; Located in Manhattan’s Lower East Side