22-Unit Apartment
For Sale
$7,750,000
717 E 5th Street New York, Manhattan, NY 10009
Commercial Sale, New York (Manhattan), NY
Property SizeContact for details
Lot Size0.06 Acres
Days on Market81
Property Features for 717 E 5th Street New York
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R8B
Parking features
On Street
Elementary school district
City of New York
Middle school district
City of New York
High school district
City of New York
Standard status
Active
APN
0375-0061
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
125558
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating)
Water source
Public
Amenities
high ceilings
skylight
A/C
Building Details
Year built
1920
Number of units
22
Building materials
Brick, Frame
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Added: Jul 13
Changed: Sep 28
Last Checked: Oct 1 at 5:06PM
MLS# 1024507
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 22-unit apartment building is fully occupied and includes five free-market apartments. The property offers high 9-foot ceilings, a skylight, air conditioning, separate utility meters, three-phase power, and all-new LED lighting. Brick and frame construction is served by public water and public sewer, with oil and hot-water heating. On-street parking is available.
The property occupies approximately 0.0557 acres in Manhattan’s East Village, two blocks from the FDR Drive. Surrounding businesses and services include Bank of America, USPS, UPS, T-Mobile, Whole Foods, Target, Staples, CVS, Walgreens, and Dunkin’. R8B zoning and a reported 5.61% cap rate add important context for evaluating the asset.
The property occupies approximately 0.0557 acres in Manhattan’s East Village, two blocks from the FDR Drive. Surrounding businesses and services include Bank of America, USPS, UPS, T-Mobile, Whole Foods, Target, Staples, CVS, Walgreens, and Dunkin’. R8B zoning and a reported 5.61% cap rate add important context for evaluating the asset.
Key Highlights
- 22‑unit apartment building with 100% occupancy
- Five free‑market apartments within the unit mix
- R8B zoning on approximately 0.0557 acres
Property Analytics
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Current Use
Lease Details
22
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied Manhattan multifamily property with R8B zoning, separate meters, and updated LED lighting.
Where is this apartment building located?
The property is located at 717 E 5th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: 22‑unit apartment building with 100% occupancy; Five free‑market apartments within the unit mix; R8B zoning on approximately 0.0557 acres
