Multifamily Apartment
For Sale
Contact for pricing
Pending
59 East 7th Street, New York, NY 10003
For-sale multifamily apartment building with an in-place business model at 59 East 7th Street.
Property Size11,058 SF
Days on Market299
Property Features for 59 East 7th Street
General Information
Standard status
Pending
Size
11,058 SF
Property subtype
Mixed Use, Multifamily
Zoning
R8B
Investment Type
Value Add
Building Details
Buildings
1
Stories
7
Units
25
Listing Agency:
Arch Equities
Listed By:
Eleas Mathios · License #10491203736
Source:
Crexi
Added: Nov 14, 2025
Changed: Aug 8
Last Checked: Jul 24 at 3:31PM
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 Arch Equities
Investment Insights
Based on property information with market context.
This for-sale multifamily apartment building is located at 59 East 7th Street in New York, NY 10003. The offering is positioned as a value-add opportunity with a business model already in place and described as easy to execute.
The property is identified as an apartment building within the residential income category, supporting both investor and operational continuity based on the current setup referenced in the remarks.
While specific unit mix, interior condition, and building details are not provided in the available information, the listing’s focus is on an established operating approach and the potential for value enhancement through straightforward execution.
The property is identified as an apartment building within the residential income category, supporting both investor and operational continuity based on the current setup referenced in the remarks.
While specific unit mix, interior condition, and building details are not provided in the available information, the listing’s focus is on an established operating approach and the potential for value enhancement through straightforward execution.
Key Highlights
- For‑sale multifamily apartment building at 59 East 7th Street
- In‑place business model
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$345,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,919,500
$6.9M
Cap Rate 7%
$4,942,500
$4.9M
Cap Rate 9%
$3,844,167
$3.8M
Market Conditions
NOI Build-Up for 11,058 SF
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.
Gross rent
$662.2K $59.88/SF
− Vacancy
−$33.1K −$2.99/SF
EGI
$629.0K $56.89/SF
− OpEx
−$283.1K −$25.60/SF
NOI
$346.0K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,919,500
Cap Rate 7%
$4,942,500
Cap Rate 9%
$3,844,167
Alternative Uses
Best Use
Apartment 5plus
$4.94M
$4.32M – $5.77M
NOI $345,975 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$27.52M
$24.08M – $32.11M
NOI $1,926,746 @ 7.0% cap · market cap 30.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
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 - For-sale multifamily apartment building with an in-place business model at 59 East 7th Street.
Where is this apartment building located?
The property is located at 59 East 7th Street New York, NY.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: For‑sale multifamily apartment building at 59 East 7th Street; In‑place business model
