Log In/Sign Up
Your email has been sent.
193 Avenue C 5 Unit Apartment Building $6,942,500 CAD ($1,388,500 CAD/Unit) 5.30% Cap Rate New York, NY 10009
INVESTMENT HIGHLIGHTS
- 100% Free Market
- Tax increases capped at 8% year over year or 30% over any given 5-year period. Current tax bill is approximately $9,000
- The building is delivered completely vacant which provides any buyer with a clear path to renovate and add value to the asset
- op restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires
EXECUTIVE SUMMARY
Marcus & Millichap proudly presents 193 Avenue C, a remarkable investment opportunity in the heart of the East Village. Positioned on a pristine block located between East 11th Street and East 12th Street, this building boasts 5 units and spans an approximate area of 5,300 square feet. The building is 20’ x 53’ and sits on a 20’ x 67’ lot (Block: 394, Lot: 48). The property is zoned R7B
TH E OPPORT UNI TY
• 100% Free Market: All 4 residential units are Free-Market, allowing new ownership to take advantage of the robust rental market in the East Village.
• Delivered Fully Vacant: The building is delivered completely vacant which provides any buyer with a clear path to renovate and add value to the asset.
• Tax Class Protected 2A: Tax increases capped at 8% year over year or 30% over any given 5-year period. Current tax bill is approximately $9,000.
• Location & Transportation: Located in the Heart of the East Village, 193 Avenue C has a Natural Strong Demand Given its Centralized Location just steps from Tompkins Square Park and Access to all the Neighborhood has to Offer. This creates a strong demand of renters and tenants given endless supply of restaurants, nightlife, parks, shopping, and transportation. The properties’ nearby attractions include Tompkins Square Park, Astor Place, Union Square, NYU, Whole Foods and more. Top restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires and too many more to name. Just steps from the L subway line and a short walk to Union Square Subway station.
TH E OPPORT UNI TY
• 100% Free Market: All 4 residential units are Free-Market, allowing new ownership to take advantage of the robust rental market in the East Village.
• Delivered Fully Vacant: The building is delivered completely vacant which provides any buyer with a clear path to renovate and add value to the asset.
• Tax Class Protected 2A: Tax increases capped at 8% year over year or 30% over any given 5-year period. Current tax bill is approximately $9,000.
• Location & Transportation: Located in the Heart of the East Village, 193 Avenue C has a Natural Strong Demand Given its Centralized Location just steps from Tompkins Square Park and Access to all the Neighborhood has to Offer. This creates a strong demand of renters and tenants given endless supply of restaurants, nightlife, parks, shopping, and transportation. The properties’ nearby attractions include Tompkins Square Park, Astor Place, Union Square, NYU, Whole Foods and more. Top restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires and too many more to name. Just steps from the L subway line and a short walk to Union Square Subway station.
PROPERTY FACTS
| Price | $6,942,500 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,388,500 CAD | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.30% | Lot Size | 0.03 AC |
| Gross Rent Multiplier | 15.6 | Building Size | 5,242 SF |
| No. Units | 5 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1910 |
| Zoning | R7-2 | ||
| Price | $6,942,500 CAD |
| Price Per Unit | $1,388,500 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 5,242 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | R7-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 0394-0038 | Improvements Assessment | $91,759 CAD |
| Land Assessment | $10,109 CAD | Total Assessment | $101,868 CAD |
PROPERTY TAXES
Parcel Number
0394-0038
Land Assessment
$10,109 CAD
Improvements Assessment
$91,759 CAD
Total Assessment
$101,868 CAD
1 of 23
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
193 Avenue C
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.