22-Unit Apartment
For Sale
$7,500,000
717 E 5th St, New York, NY 10009
Twenty-two unit apartment building offered for sale with very high walk, bike, and transit scores.
Property Size9,345 SF
Days on Market94
Property Features for 717 E 5th St
General Information
Standard status
Active
Size
9,345 SF
Property subtype
Commercial
Additional Details
Multifamily Units
22
Taxes and HOA fees
Annual Taxes
$128,696
Building Details
Building Size
9,345 SF
Year Built
1920
Units
22
Listing Agency:
All Island Estates Realty Corp
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Elliman
Added: Jul 14
Changed: Oct 10
Last Checked: Oct 15 at 1:38AM
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 All Island Estates Realty Corp
Investment Insights
Based on property information with market context.
This for-sale apartment building is configured as a 22-unit multifamily property. The available information does not break out unit mix or interior features, but the building is presented as a 22-unit income-focused residential asset.
The property is located at 717 E 5th St in New York, NY 10009. The listing materials also cite walkScore 97, bikeScore 98, and transitScore 100, indicating strong alternative transportation access.
As presented, the opportunity centers on acquiring a 22-unit apartment building in a highly transit-accessible area, supported by the walk, bike, and transit scores included in the remarks.
The property is located at 717 E 5th St in New York, NY 10009. The listing materials also cite walkScore 97, bikeScore 98, and transitScore 100, indicating strong alternative transportation access.
As presented, the opportunity centers on acquiring a 22-unit apartment building in a highly transit-accessible area, supported by the walk, bike, and transit scores included in the remarks.
Key Highlights
- 22‑unit apartment building
- Year built: 1920
- WalkScore: 97
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$292,380
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,847,600
$5.8M
Cap Rate 7%
$4,176,857
$4.2M
Cap Rate 9%
$3,248,667
$3.2M
Market Conditions
NOI Build-Up for 9,345 SF
Gross rent
$559.6K $59.88/SF
− Vacancy
−$28.0K −$2.99/SF
EGI
$531.6K $56.89/SF
− OpEx
−$239.2K −$25.60/SF
NOI
$292.4K $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 Rate 5%
$5,847,600
Cap Rate 7%
$4,176,857
Cap Rate 9%
$3,248,667
Alternative Uses
Best Use
Apartment 5plus
$4.18M
$3.65M – $4.87M
NOI $292,380 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.26M
$20.35M – $27.14M
NOI $1,628,273 @ 7.0% cap · market cap 21.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
10,669
Businesses Nearby
Explore this area
Business Placement
Demographics for 10009, NY
61,716
Population
32,375
Households
1.9
Avg Household Size
36
Median Age
63%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
102,860
Density / Sq Mi
$87,963
Median Household Income
$84,069
Median Earnings
$1,925
Median Rent
$690,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Twenty-two unit apartment building offered for sale with very high walk, bike, and transit scores.
Where is this apartment building located?
The property is located at 717 E 5th St New York, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 22‑unit apartment building; Year built: 1920; WalkScore: 97
