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169-175 E 101st St
New York, NY 10029
Multifamily Property For Sale · 120 Units

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EXECUTIVE SUMMARY

Cushman & Wakefield (“C&W”) has been retained on an exclusive basis to arrange the sale of four apartment buildings, 169-175 East 101st Street, New York, NY 10029.
The portfolio at 169-175 East 101st Street in Manhattan, consists of four adjacent walk-up multifamily buildings, each containing 30 residential units, for a total of 120 apartments. The properties offer approximately 68,256 square feet of rentable space, with each building spanning 17,064 square feet and providing a combined frontage of 160 feet. The units are predominantly two-bedroom apartments, with 96 two-bedroom and 24 one-bedroom units. The buildings have one newly installed central gas boiler servicing all 120 units, on-site laundry facilities with folding areas and TV service, enclosed bike storage and 24/7 security cameras. The building recently completed Local Law 11 work and has no deferred maintenance. The neighboring building to the west and the corner of E 101st and 3rd Avenue are both luxury condo buildings and Sunshine Playground is directly across that street. Located directly behind the properties is an NYPD station, enhancing security and neighborhood stability. The location also provides convenient access to the subway at the 96th Street and 103rd Street stations, and it is in close proximity to the Mount Sinai Campus, offering excellent connectivity to transportation, healthcare amenities and a large high earning employee base. This collection of properties presents a stable income-producing opportunity with substantial upside potential, given its prime location, infrastructure, and strong residential demand.

PROPERTY FACTS

Price Per Unit $339,865 CAD
Sale Type Investment
Cap Rate 6.22%
Gross Rent Multiplier 10.11
No. Units 120
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.37 AC
Building Size 84,000 SF
Average Occupancy 100%
No. Stories 6
Year Built/Renovated 1922/1989
Zoning R7-2, New York (C1) - In R7-2 districts, parking is required for 50% of the units, and waived is 15 or fewer spaces are required.

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Range

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 24 - 400 - 500
2+1 96 - 500 - 600

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1629-0024
  • 1629-0025
  • 1629-0027
  • 1629-0028
Land Assessment
$456,018 CAD
Improvements Assessment
$5,434,870 CAD
Total Assessment
$5,890,888 CAD
  • Listing ID: 38520707

  • Date on Market: 2025-11-20

  • Last Updated:

  • Address: 169-175 E 101st St, New York, NY 10029

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