Property profile

608 E 9Th St New York, NY 10009

FOR SALE
Apartment buildings
Property ID
US63-2709644
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

608 East 9th Street (“Property”) is a six-story multifamily building located in Manhattan’s East Village. Built circa 1910, the Property contains twenty-four residential units totaling approximately 11,496 square feet. The six-story building measures 28 feet by 78 feet and sits on a 27.5’ x 93.92’ lot. The Property has twenty-four one-bedroom units of which sixteen are free-market and eight are rent stabilized. On the market for first time in twenty-five years, the Property offers investors stable multifamily scale in one of Manhattan’s most established rental neighborhoods. The Property presents an opportunity for continued income growth through active management and unit turnover. The Property is located between Avenues B and C in the East Village directly adjacent to Tompkins Square Park. The neighborhood offers strong retail and dining amenities and convenient access to public transportation including the L-train at 1st Avenue, the F-train at 2nd Avenue, and the 6-train at Astor Place. 5.54%

Property profile

Verified
Property type Apartment buildings
UPID US63-2709644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization
  • High School Vocational School

Location

608 E 9Th St New York, NY 10009
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2018
Price N/A
2017
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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