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    13 9Th St New York, NY 10003

    Sponsored
    For Sale
    $9,300,000

    Luxury 6-unit building, high NOI.

    Property size:
    6,702 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5-story, 6-unit apartment building at 13 E 9th St, New York, NY 10003, presents a compelling investment opportunity in Manhattan's coveted Gold Coast. Boasting 6,702 square feet on a 2,306 square foot lot, this property currently generates a substantial Net Operating Income (NOI) of $462,479. Zoned R7-2, it offers significant potential for expansion or redevelopment. The building's current configuration includes six units, all currently operating as monthly furnished rentals, providing a stable income stream. An additional 1,232 square feet of air rights are available, subject to Landmark Preservation Commission approval, opening up exciting possibilities for increasing the property's size and value. The property benefits from its tax class 2a protection. Its prime location offers proximity to upscale amenities, cultural attractions, and prestigious educational institutions, appealing to discerning buyers seeking sophistication and exclusivity. The asking price is $9,300,000. This presents a rare chance to acquire a high-performing asset with substantial upside potential in one of Manhattan's most desirable neighborhoods.

    Property Features for 13 9Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,702 SF

    Building Details

    Stories
    5
    Units
    6

    HighLights

    • 1,232 sq ft of air rights available, subject to Landmark Preservation Commission approval, allowing for expansion or additional units, or redevelopment into a high‑end single‑family home.
    • Six‑unit building, currently operating as monthly furnished rentals, offering a stable income stream and protected by Tax Class 2a.
    • Prime Gold Coast Manhattan location, close to upscale amenities, cultural attractions, and prestigious educational institutions, appealing to sophisticated buyers.
    • Currently generating a substantial NOI of $462,479.
    • 6,702 sq ft building on a 2,306 sq ft lot, priced at $9,300,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Luxury Apartments Greenwich ... Holiday Apartment Beni Rugs Rug Store Delavan Thomas Interior Designer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.994917
    Latitude
    40.7326042

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    FAQs

    What type of property is this?
    Multifamily property - Luxury 6-unit building, high NOI.
    Where is this multifamily property located?
    The property is located at 13 9Th St New York, NY.
    What is the asking price?
    The asking price for this property is $9,300,000.
    What are key features of this property?
    This property features: 1,232 sq ft of air rights available, subject to Landmark Preservation Commission approval, allowing for expansion or additional units, or redevelopment into a high-end single-family home.; Six-unit building, currently operating as monthly furnished rentals, offering a stable income stream and protected by Tax Class 2a.; Prime Gold Coast Manhattan location, close to upscale amenities, cultural attractions, and prestigious educational institutions, appealing to sophisticated buyers.
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    13 9Th St New York, NY 10003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13 9Th St New York, NY 10003
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