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East Village Multifamily Opportunity
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81 East 3rd Street New, York, NY 10003

13-story East Village building near universities and transportation.

Property Size36,000 SF
Days on Market157

Property Features for 81 East 3rd Street New

General Information

Standard status Active
Size 36,000 SF
Property subtype User Building
Listing Agency: BKREA
Listed By: Bob Knakal · License #10301211305
Source: Bkrea
Added: Mar 5 Changed: Aug 8 Last Checked: Aug 8 at 6:08AM

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 BKREA

Investment Insights

Based on property information with market context.

Located in the East Village, this property benefits from its proximity to a high concentration of universities and academic institutions, including NYU and various private and international schools. The area has historically served as a central location for student housing, driven by consistent enrollment demand and limited housing supply. The 13-story elevator building, constructed in 2003, totals approximately 36,000 square feet and is fully improved. The property can be delivered vacant, offering the new owner the flexibility to immediately re-lease, reposition, or reprogram the asset without being restricted by timing constraints or lease rollover risk. The building is located steps from the 1st Avenue subway station (F line) and multiple bus routes, providing access across Manhattan and Brooklyn. This connectivity is attractive for students and academic operators seeking ease of commute.

Key Highlights

  • Delivered vacant, offering immediate re‑leasing, repositioning, or reprogramming without delays.
  • Prime East Village location surrounded by universities and academic institutions (NYU, etc.), ideal for student housing.
  • Excellent transportation access: steps from the 1st Avenue subway station (F line) and multiple bus routes.

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Nursing Home Auto Parts Store Buffet Adult Day Care Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

27,558
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 13-story East Village building near universities and transportation.
Where is this apartment building located?
The property is located at 81 East 3rd Street New York, NY.
What are key features of this property?
This property features: Delivered vacant, offering immediate re‑leasing, repositioning, or reprogramming without delays.; Prime East Village location surrounded by universities and academic institutions (NYU, etc.), ideal for student housing.; Excellent transportation access: steps from the 1st Avenue subway station (F line) and multiple bus routes.
More about this property
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