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    428 13Th St New York, NY 10009

    Sponsored
    For Sale
    $7,000,000

    4-Unit Value-Add Opportunity in East Village

    Property size:
    7,152 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional East Village investment opportunity: This $7,000,000 multifamily portfolio comprises three buildings totaling 7,152 square feet on a 2,512 square foot lot, zoned R8B. The property features four units, each priced at $1,750,000, offering significant value-add potential. Currently configured as four units, the property's unique layout and features present diverse possibilities for the ideal investor. Key features include a wide lot (over 24 feet) with a curb cut, allowing for versatile use as live/work space, residence, office, or retail. The buildings boast eight fireplaces, six skylights, and a double-height ceiling studio space. A charming carriage house adds to the property's appeal. An additional 1,200 square feet of basement space and 2,896 square feet of air rights provide further expansion opportunities. Excellent natural light throughout enhances the property's desirability. This is a rare find in a highly sought-after New York City neighborhood. The property is located at 428 E 13th St, New York, NY 10009.

    Property Features for 428 13Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,152 SF

    Building Details

    Buildings
    3
    Stories
    4
    Units
    4

    HighLights

    • $7,000,000 asking price for this multifamily value‑add investment opportunity.
    • Four units totaling 7,152 square feet, priced at $978.75 per square foot and $1,750,000 per unit.
    • Located at 428 E 13th St, New York, NY 10009, in a prime location with a wide lot and curb cut.
    • Features include eight fireplaces, six skylights, and a double‑height ceiling studio space.
    • Includes a carriage house, 1,200 square feet of basement space, and 2,896 square feet of air rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -73.98198464
    Latitude
    40.73021043

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    FAQs

    What type of property is this?
    Multifamily property - 4-Unit Value-Add Opportunity in East Village
    Where is this multifamily property located?
    The property is located at 428 13Th St New York, NY.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: $7,000,000 asking price for this multifamily value-add investment opportunity.; Four units totaling 7,152 square feet, priced at $978.75 per square foot and $1,750,000 per unit.; Located at 428 E 13th St, New York, NY 10009, in a prime location with a wide lot and curb cut.
    Request Owner's contact information
    428 13Th St New York, NY 10009
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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
    428 13Th St New York, NY 10009
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