Renovated 6-Story Walk-Up
For Sale
Contact for pricing
402 East 12th Street, New York, NY 11001
Six-story walk-up with 16 apartments, including recently renovated common areas and updated free-market units.
Property Size7,740 SF
Days on Market123
Property Features for 402 East 12th Street
General Information
Standard status
Active
Size
7,740 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
16
Amenities
fully furnished common roof deck
Building Details
Stories
6
Tenancy
Multi
Listing Agency:
Cushman & Wakefield New York
(609) 610-1771
Listed By:
Michael Decheser · License #NY 10301208353
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 5:48PM
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 Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
The subject property is a 6-story walk-up multifamily building with 16 residential units. The building received a full gut renovation of all but one apartment, along with fully renovated common areas. Unit interiors have been substantially updated, including Carrara marble countertops, new stainless steel appliances with dishwasher and microwave, remodeled luxury bathrooms with mosaic tile work, in-unit Bosch washer and dryer, recessed lighting, and refinished finishes. The building includes a furnished common roof deck. The property has a mix of one-bedroom and two-bedroom apartments, with 15 free-market units and 1 rent-stabilized unit.
The building is located on the south side of East 12th Street between First Avenue and Avenue A and offers 30 feet of frontage. The ground-floor units (1E and 1W) are two steps down from the street and have an entrance/exit at the rear that provides direct access to a private patio area.
Current operating performance is reported as annual gross income of $690,000 and net operating income of $477,000.
The building is located on the south side of East 12th Street between First Avenue and Avenue A and offers 30 feet of frontage. The ground-floor units (1E and 1W) are two steps down from the street and have an entrance/exit at the rear that provides direct access to a private patio area.
Current operating performance is reported as annual gross income of $690,000 and net operating income of $477,000.
Key Highlights
- 6‑story walk‑up at 402 E 12th St with 7,740 SF and 30' of frontage on East 12th Street
- 16 total units: mix of 1BR and 2BR; 15 free market units plus 1 rent‑stabilized unit
- Recently completed full gut renovation of all common areas and substantial free‑market unit renovations
Property Analytics
Current Use
Lease Details
16
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21,839
Businesses Nearby
Explore this area
Business Placement
Demographics for 11001, NY
27,662
Population
8,923
Households
3.1
Avg Household Size
43
Median Age
53%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
12,574
Density / Sq Mi
$144,755
Median Household Income
$66,053
Median Earnings
$2,196
Median Rent
$714,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-story walk-up with 16 apartments, including recently renovated common areas and updated free-market units.
Where is this apartment building located?
The property is located at 402 East 12th Street New York, NY.
What are key features of this property?
This property features: 6‑story walk‑up at 402 E 12th St with 7,740 SF and 30' of frontage on East 12th Street; 16 total units: mix of 1BR and 2BR; 15 free market units plus 1 rent‑stabilized unit; Recently completed full gut renovation of all common areas and substantial free‑market unit renovations
