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Elevator Apartment Building
For Sale
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Pending

20 Sherman Avenue, New York, NY 10040

Six-story elevator apartment building with 41 apartments and one professional medical space.

Property Size41,000 SF
Days on Market125

Property Features for 20 Sherman Avenue

General Information

Standard status Pending
Size 41,000 SF
Property subtype Multifamily, Mixed Use

Units

Multifamily Units 41
Office Units 1

Building Details

Year Built 1920
Stories 6
Listing Agency: Chambre & Company Inc.
Listed By: Josh Schwab · License #NY
Source: Crexi
Added: Apr 10 Changed: Aug 11 Last Checked: Aug 12 at 12:22PM

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 Chambre & Company Inc.

Investment Insights

Based on property information with market context.

This six-story elevator apartment building was built in 1920 and contains 41 apartments plus one professional medical space. The property totals 142 rooms and 41,000 gsf. Since 2014, multiple building systems and components have been improved, including boiler replacement, roof replacement, elevator replacement, a new front door, a new intercom, and a new compactor. Eleven units have been completely gut renovated, and additional details are available in the rent roll.

The building is fully in compliance with Local Law 11, with all required work completed.

Key Highlights

  • Six‑story elevator apartment building with 41 apartments and 1 professional medical space totaling 41,000 SF
  • 41 apartments plus a professional medical space; building built in 1920
  • 142 total rooms (per remarks) across 41 units and the medical space

Property Analytics

Current Use

Jovellanos V P ... Pediatrician Photo Ready Smile Dental Office Joan Schifaudo, LCSW Psychotherapist Walking Buddy Dog Walker

Suggested Use

Top Pick Law Firm Real Estate Agency Kitchen & Bath Showroom Building Supply HVAC Service Electrical Service

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

Lease Details

1
Office units
41
Residential units

Location Intelligence

Trade Area within ½ mile

3,698
Businesses Nearby

Demographics for 10040, NY

40,405
Population
17,020
Households
2.4
Avg Household Size
39
Median Age
38%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
67,342
Density / Sq Mi
$64,022
Median Household Income
$41,849
Median Earnings
$1,680
Median Rent
$465,700
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-story elevator apartment building with 41 apartments and one professional medical space.
Where is this apartment building located?
The property is located at 20 Sherman Avenue New York, NY.
What are key features of this property?
This property features: Six‑story elevator apartment building with 41 apartments and 1 professional medical space totaling 41,000 SF; 41 apartments plus a professional medical space; building built in 1920; 142 total rooms (per remarks) across 41 units and the medical space
More about this property
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