Historic Five-Apartment
For Sale
$6,200,000
151 AVE B, New York City, NY 10009
Gothic Revival townhouse with full-floor residences, preserved architectural details, private outdoor space, and park views.
Property Size5,590 SF
Lot Size0.05 Acres
Price / SF$1,109
Days on Market333
Property Features for 151 AVE B
General Information
Standard status
Active
Size
5,590 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
5
Building Details
Building Size
5,590 SF
Year Built
1849
Buildings
1
Construction
Gothic Revival
Listing Agency:
Stile Real Estate LLC
(917) 992-2236
Listed By:
Elizabeth A Stile
(917) 992-2236
Source:
Cbwarburg
Added: Sep 4, 2025
Changed: Jul 31
Last Checked: Aug 1 at 10:54AM
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 Stile Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 1849, this 5,590-square-foot Gothic Revival townhouse contains five apartments and combines historic architectural detail with flexible residential configuration. The property includes four full-floor apartments plus a setback penthouse with a private deck, skylights, and loft space. Features include high ceilings, original wood floors, decorative marble and wood mantels, original pocket doors, exposed brick, and a private landscaped garden. The garden and parlor floors were previously configured to combine as an owner's duplex.
Located at 151 Avenue B between East 9th and East 10th Streets in the East Village, the building borders Tompkins Square Park and offers unobstructed park views from the apartments. The property is designated by the New York City Landmarks Preservation Commission, the State Register of Historic Places, and the National Register of Historic Places. The source information reports a projected 5% cap rate.
Located at 151 Avenue B between East 9th and East 10th Streets in the East Village, the building borders Tompkins Square Park and offers unobstructed park views from the apartments. The property is designated by the New York City Landmarks Preservation Commission, the State Register of Historic Places, and the National Register of Historic Places. The source information reports a projected 5% cap rate.
Key Highlights
- Five‑apartment building with 5,590 square feet of interior space
- Built in 1849 as a Gothic Revival style townhouse
- Four full‑floor apartments plus a setback penthouse
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 | $334.7k | $59.88 |
| − Vacancy | −$16.7k | −$2.99 |
| EGI | $318.0k | $56.89 |
| − OpEx | −$143.1k | −$25.60 |
| NOI | $174.9k | $31.29 |
5,590 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.50M
$2.19M – $2.91M
NOI $174,896 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.91M
$12.18M – $16.23M
NOI $974,002 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
14,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 10009, NY
61,716
Population
32,375
Households
1.9
Avg Household Size
36
Median Age
63%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
102,860
Density / Sq Mi
$87,963
Median Household Income
$84,069
Median Earnings
$1,925
Median Rent
$690,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Gothic Revival townhouse with full-floor residences, preserved architectural details, private outdoor space, and park views.
Where is this apartment building located?
The property is located at 151 AVE B New York City, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Five‑apartment building with 5,590 square feet of interior space; Built in 1849 as a Gothic Revival style townhouse; Four full‑floor apartments plus a setback penthouse
