8-Story Mixed-Use Elevator
153 East 26th Street New York, NY 10010
153 East 26th Street, New York, NY, 10010
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For Sale
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Fifteen-unit mixed-use property with ground-floor retail and an on-site elevator in an R8B-zoned building.
Property Size15,800 SF
Lot Size0.05 Acres
Price / SF$743.67
Days on Market76
Property Features for 153 East 26th Street
General Information
- Standard status
- Active
- Size
- 15,800 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multifamily, Retail
Building Details
- Year Built
- 1905
Listing agency
Marcus & Millichap Manhattan - Multifamily Group
Listed by
Logan Markley · License #NY 10401268674
Source
Crexi
Added: May 8 Updated: Jul 21 at 12:28PM Checked: Jul 21 at 12:28PM
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 - Multifamily Group
Investment Insights
Based on property information with market context.
This 15-unit mixed-use property features approximately 15,800 square feet and includes 20 feet of frontage on a 20’ x 98.75’ lot. The building is structured as an 8-story elevator property and contains 1 retail unit and 14 residential units made up of one one-bedroom unit, three two-bedroom units, and ten three-bedroom units. Three of the residential units are rent regulated while the remaining 11 are free-market. The retail space is occupied by Little Basil Thai Restaurant.
The property is located on the north side of 26th Street between Third Avenue and Lexington Avenue, and it is zoned R8B. Ownership has completed several capital improvements within the past three years, including elevator modernization (mechanical systems, controls, and safety systems), replacement of the water tower, and significant façade work such as reinforcing steel beams, replacing steel lintels, and upgrading the parapet. The hallways and stairs have also been updated with modern finishes, and security upgrades include a virtual doorman via the ButterflyMX Comelit system and an ADR security system.
For tenant-ready residential convenience, the free-market units have been newly renovated and include in-unit washers and dryers, dishwashers, stainless steel appliances, and individual HVAC units. The property’s regulated units include one one-bedroom, one two-bedroom, and one three-bedroom unit, which are noted as scheduled to become free market upon vacancy due to an expired J-51 tax abatement.
The property is located on the north side of 26th Street between Third Avenue and Lexington Avenue, and it is zoned R8B. Ownership has completed several capital improvements within the past three years, including elevator modernization (mechanical systems, controls, and safety systems), replacement of the water tower, and significant façade work such as reinforcing steel beams, replacing steel lintels, and upgrading the parapet. The hallways and stairs have also been updated with modern finishes, and security upgrades include a virtual doorman via the ButterflyMX Comelit system and an ADR security system.
For tenant-ready residential convenience, the free-market units have been newly renovated and include in-unit washers and dryers, dishwashers, stainless steel appliances, and individual HVAC units. The property’s regulated units include one one-bedroom, one two-bedroom, and one three-bedroom unit, which are noted as scheduled to become free market upon vacancy due to an expired J-51 tax abatement.
Key Highlights
- 15‑unit mixed‑use building with ~15,800 SF and 20’ frontage on E 26th St between Third Ave and Lexington Ave
- Unit mix: 1 retail unit plus 10 three‑bedroom, 3 two‑bedroom, and 1 one‑bedroom apartments
- Ground‑floor retail occupied by Little Basil Thai Restaurant; lease renewed for 10 years at ~ $13,000/month with 3% annual increases
Local 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 | $946.1k | $59.88 |
| − Vacancy | −$47.3k | −$2.99 |
| EGI | $898.8k | $56.89 |
| − OpEx | −$404.5k | −$25.60 |
| NOI | $494.3k | $31.29 |
15,800 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$39.33M
$34.41M – $45.88M
NOI $2,752,992 @ 7.0% cap · market cap 23.43%
Second Best
Retail
$31.76M
$27.79M – $37.06M
NOI $2,223,448 @ 7.0% cap · market cap 18.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Little Basil
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fifteen-unit mixed-use property with ground-floor retail and an on-site elevator in an R8B-zoned building.
Where is this apartment building located?
The property is located at 153 East 26th Street New York, NY.
What is the asking price?
The asking price for this property is $11,750,000.
What are key features of this property?
This property features: 15‑unit mixed‑use building with ~15,800 SF and 20’ frontage on E 26th St between Third Ave and Lexington Ave; Unit mix: 1 retail unit plus 10 three‑bedroom, 3 two‑bedroom, and 1 one‑bedroom apartments; Ground‑floor retail occupied by Little Basil Thai Restaurant; lease renewed for 10 years at ~ $13,000/month with 3% annual increases
