519 5Th St New York, NY 10009
- Commercial real estate
- 6,890 SF
Current Use by Public Records
- Tigra / Property Management Company
- בית מנהטן / Apartment Building
Property Details for 519 5Th St
- Property size
- 6,890 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9833479
- Latitude
- 40.7246081
