9-Unit Multifamily
615 E 6th St New York, NY 10009
615 E 6th St, New York, NY, 10009
$7,850,000
For Sale
$7,850,000
Nine-unit multifamily property with 25’ frontage and R8B zoning on a 25’ x 90.83’ lot.
Property Size7,860 SF
Lot Size0.05 Acres
Price / SF$998.73
Days on Market111
Property Features for 615 E 6th St
General Information
- Standard status
- Active
- Size
- 7,860 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multifamily
Listing agency
New York City Office
(212) 430-5147
Listed by
Joe Koicim · License #NY: 10301208718
(212) 430-5147
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 22 at 6:06AM Checked: Jul 22 at 6:06AM
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 New York City Office
Investment Insights
Based on property information with market context.
This 9-unit multifamily property is offered for sale and totals approximately 7,860 square feet. The building sits on a 25’ x 90.83’ lot and is built approximately 62’ deep, with 25’ of frontage along 6th Street. It is zoned R8B.
The property is located on the north side of 6th Street between Avenue B and Avenue C in the Alphabet City neighborhood.
With its multi-unit configuration and defined lot dimensions, this building presents a straightforward income-producing residential asset for qualified buyers.
The property is located on the north side of 6th Street between Avenue B and Avenue C in the Alphabet City neighborhood.
With its multi-unit configuration and defined lot dimensions, this building presents a straightforward income-producing residential asset for qualified buyers.
Key Highlights
- 9‑unit multifamily building at 615 East 6th Street in Alphabet City
- Approximately 7,860 SF with 25’ of frontage on the north side of 6th Street between Avenue B and Avenue C
- Sits on a 25’ x 90.83’ lot (Block 389, Lot 53), built 62’ deep
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 | $470.7k | $59.88 |
| − Vacancy | −$23.5k | −$2.99 |
| EGI | $447.1k | $56.89 |
| − OpEx | −$201.2k | −$25.60 |
| NOI | $245.9k | $31.29 |
7,860 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.51M
$3.07M – $4.10M
NOI $245,918 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$19.56M
$17.12M – $22.83M
NOI $1,369,526 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property with 25’ frontage and R8B zoning on a 25’ x 90.83’ lot.
Where is this apartment building located?
The property is located at 615 E 6th St New York, NY.
What is the asking price?
The asking price for this property is $7,850,000.
What are key features of this property?
This property features: 9‑unit multifamily building at 615 East 6th Street in Alphabet City; Approximately 7,860 SF with 25’ of frontage on the north side of 6th Street between Avenue B and Avenue C; Sits on a 25’ x 90.83’ lot (Block 389, Lot 53), built 62’ deep
