Description
Excellent investment opportunity in the heart of Manhattan's Lower East Side. This mixed-use property features 2 ground-floor retail stores and 18 residential apartments, plus a finished basement. The building is ideally situated just minutes from the East Broadway subway station, offering convenient access to major transit lines and quick commutes to SoHo, Midtown Manhattan, and Downtown Brooklyn, making it highly attractive to both residential and retail tenants.The property offers an attractive approximately 6.35% cap rate in a prime neighborhood surrounded by shops, restaurants, and essential services. This property presents an opportunity for long-term investors seeking stable cash flow in a high-demand New York City market.
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0BEDS
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0.05ACRES
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01/2 BATHS
School Ratings & Info
Description
Excellent investment opportunity in the heart of Manhattan's Lower East Side. This mixed-use property features 2 ground-floor retail stores and 18 residential apartments, plus a finished basement. The building is ideally situated just minutes from the East Broadway subway station, offering convenient access to major transit lines and quick commutes to SoHo, Midtown Manhattan, and Downtown Brooklyn, making it highly attractive to both residential and retail tenants.The property offers an attractive approximately 6.35% cap rate in a prime neighborhood surrounded by shops, restaurants, and essential services. This property presents an opportunity for long-term investors seeking stable cash flow in a high-demand New York City market.
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