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    519 5Th St New York, NY 10009

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    For Sale
    Contact for pricing

    19-Unit East Village Apartment Building

    Property size:
    6,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional investment opportunity presents a five-story walk-up multifamily building located at 519 East 5th Street, between Avenues A and B in Manhattan's vibrant East Village. The property boasts a total of 19 units, comprised of 18 one-bedroom apartments and a single two-bedroom apartment, offering a diverse rental mix. With a substantial 6,890 gross square feet, the building sits on a 25-foot by 97-foot lot, providing ample space. The building's dimensions are 25 feet by 54 feet across the first through fifth floors. This well-situated property benefits from its proximity to several subway lines, including the 4, 5, 6, F, and L trains, ensuring convenient access to the rest of the city. The property is zoned R7B (Block: 00401, Lot: 0054), presenting significant potential for future development or renovation. This is a rare opportunity to acquire a largely free-market asset in a highly sought-after Manhattan neighborhood, representing a compelling investment prospect. The building has not been sold in over 20 years, indicating its long-term stability and potential for appreciation. This is a unique chance to capitalize on the strong rental market and future growth prospects of the East Village.

    Property Features for 519 5Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,890 SF

    HighLights

    • Exceptional 19‑unit East Village multifamily building (18 one‑bedrooms, 1 two‑bedroom).
    • First time on the market in over 20 years.
    • Prime location with convenient access to the 4, 5, 6, F, and L subway lines.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tigra Property Management Company בית מנהטן Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9833479
    Latitude
    40.7246081

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    FAQs

    What type of property is this?
    Multifamily property - 19-Unit East Village Apartment Building
    Where is this multifamily property located?
    The property is located at 519 5Th St New York, NY.
    What are key features of this property?
    This property features: Exceptional 19-unit East Village multifamily building (18 one-bedrooms, 1 two-bedroom).; First time on the market in over 20 years.; Prime location with convenient access to the 4, 5, 6, F, and L subway lines.
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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
    519 5Th St New York, NY 10009
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