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Newly Built 20-Unit Elevator Building
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329 Pleasant Avenue, New York, NY 10035

Newly constructed 20-unit multifamily elevator building with studio, one-bedroom, and two-bedroom residences plus outdoor terraces.

Property Size17,089 SF
Days on Market122

Property Features for 329 Pleasant Avenue

General Information

Standard status Active
Size 17,089 SF
Property subtype Multifamily

Additional Details

Business Included Yes
Multifamily Units 20

Building Details

Tenancy Multi
Listing Agency: Ariel Property Advisors
Listed By: Victor Sozio · License #NY 10301211469
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 6:19PM

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 Ariel Property Advisors

Investment Insights

Based on property information with market context.

329 Pleasant Avenue is a newly constructed 20-unit multifamily elevator building. The building totals approximately 17,089 square feet and offers eight studio apartments, eleven one-bedroom apartments, and one two-bedroom apartment. Interiors include modern high-end finishes such as stainless-steel appliances, hardwood flooring, spacious walk-in closets, washer/dryer units, and floor-to-ceiling windows. The residences also provide access to approximately 4,000 square feet of outdoor space and terraces on both sides of the building.

The property is located on Pleasant Avenue between East 117th Street and East 118th Street. Access to public transportation includes the 6 train at the 116th Street subway station and the M116 bus along Pleasant Avenue. The building is also positioned to benefit from the future 2nd Avenue subway expansion.

A 421a tax abatement is in place and expires in 2033. 329 Pleasant Avenue is across the street from East River Plaza shopping mall, which features retailers including Costco, Target, Burlington, Bob’s Furniture, Marshalls, Planet Fitness, Applebee’s, and GameStop.

Key Highlights

  • Newly constructed 20‑unit multifamily elevator building at 329 Pleasant Avenue
  • Approximately 17,089 SF total with 8 studios, 11 one‑bedrooms, and 1 two‑bedroom
  • Units include stainless‑steel appliances, hardwood flooring, washer/dryer units, walk‑in closets, and floor‑to‑ceiling windows

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Accounting Firm Acupuncture Computer & Electronic Repair Skin Care Clinic

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

20
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

4,504
Businesses Nearby

Demographics for 10035, NY

35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Newly constructed 20-unit multifamily elevator building with studio, one-bedroom, and two-bedroom residences plus outdoor terraces.
Where is this apartment building located?
The property is located at 329 Pleasant Avenue New York, NY.
What are key features of this property?
This property features: Newly constructed 20‑unit multifamily elevator building at 329 Pleasant Avenue; Approximately 17,089 SF total with 8 studios, 11 one‑bedrooms, and 1 two‑bedroom; Units include stainless‑steel appliances, hardwood flooring, washer/dryer units, walk‑in closets, and floor‑to‑ceiling windows
(212) 544-9500 Call to check price and availability
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