Log In/Sign Up
Your email has been sent.
169-175 E 101st St
New York, NY 10029
Multifamily Property For Sale
·
120 Units


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.
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 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.22% | Lot Size | 0.37 AC |
| Gross Rent Multiplier | 10.11 | Building Size | 84,000 SF |
| No. Units | 120 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | 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. | ||
| 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
| Parcel Numbers | Improvements Assessment | $5,434,870 CAD | |
| Land Assessment | $456,018 CAD | Total Assessment | $5,890,888 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$456,018 CAD
Improvements Assessment
$5,434,870 CAD
Total Assessment
$5,890,888 CAD
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
