Multifamily Apartment
59 East 7th Street New York, NY 10003
59 East 7th Street, New York, NY, 10003
Contact for pricing
For Sale
Contact for pricing
Pending
For-sale multifamily apartment building with an in-place business model at 59 East 7th Street.
Property Size11,058 SF
Days on Market250
Property Features for 59 East 7th Street
General Information
- Standard status
- Pending
- Size
- 11,058 SF
- Property subtype
- Mixed Use, Multifamily
Listing agency
Arch Equities
Listed by
Eleas Mathios · License #10491203736
Source
Crexi
Added: Nov 14, 2025 Updated: Jul 21 at 3:02AM Checked: Jul 21 at 3:02AM
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
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 | $662.2k | $59.88 |
| − Vacancy | −$33.1k | −$2.99 |
| EGI | $629.0k | $56.89 |
| − OpEx | −$283.1k | −$25.60 |
| NOI | $346.0k | $31.29 |
11,058 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
East Village Holistic ...
Physician
Steven L. Ross, ...
Foster Care Service
Buckley Organization
Real Estate Agency
MaidPro
Hardware & Home Improvement
subseven
IT Consulting Firm
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FAQs
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
