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717 E 5th St 22 Unit Apartment Building $11,379,816 CAD ($517,264 CAD/Unit) 5.21% Cap Rate New York, NY 10009
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!!
- The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!!
- This Property Offers HUGE Upside Potential!!!
- The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, A/C, +++!!
- Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!!
- This Could Be Your Next Development Site or The Next Home For Your Business!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!!
Income:
Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27.
Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27.
Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26.
Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26.
Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27.
Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26.
Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26.
Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27.
Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26.
Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26.
Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26.
Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26.
Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27.
Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28.
Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26.
Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26.
Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26
Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27.
Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27.
Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28.
Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25.
Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26.
Gross Income: $592,517.76 Ann.
Expenses:
Fuel: $8,106.39 Ann.
Electric: $1,432.96 Ann.
Water & Sewer: $8,525.84 Ann.
Insurance: $11,463.61 Ann.
Maintenance & Repairs: $13,182.29 Ann.
Taxes: $128,695.85 Ann.
Total Expense: $171,406.94 Ann.
Net Operating Income (NOI): $421,110.82 Ann. (5.21% Cap!!!)
Income:
Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27.
Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27.
Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26.
Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26.
Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27.
Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26.
Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26.
Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27.
Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26.
Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26.
Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26.
Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26.
Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27.
Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28.
Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26.
Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26.
Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26
Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27.
Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27.
Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28.
Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25.
Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26.
Gross Income: $592,517.76 Ann.
Expenses:
Fuel: $8,106.39 Ann.
Electric: $1,432.96 Ann.
Water & Sewer: $8,525.84 Ann.
Insurance: $11,463.61 Ann.
Maintenance & Repairs: $13,182.29 Ann.
Taxes: $128,695.85 Ann.
Total Expense: $171,406.94 Ann.
Net Operating Income (NOI): $421,110.82 Ann. (5.21% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$833,673
|
$83.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$833,673
|
$83.37
|
| Taxes |
$181,075
|
$18.11
|
| Operating Expenses |
$60,094
|
$6.01
|
| Total Expenses |
$241,170
|
$24.12
|
| Net Operating Income |
$592,503
|
$59.25
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $833,673 |
| Annual Per SF | $83.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $833,673 |
| Annual Per SF | $83.37 |
| Taxes (CAD) | |
|---|---|
| Annual | $181,075 |
| Annual Per SF | $18.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,094 |
| Annual Per SF | $6.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $241,170 |
| Annual Per SF | $24.12 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $592,503 |
| Annual Per SF | $59.25 |
Property Facts
| Price | $11,379,816 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $517,264 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.21% | Building Size | 10,000 SF |
| No. Units | 22 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R8B | ||
| Price | $11,379,816 CAD |
| Price Per Unit | $517,264 CAD |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 10,000 SF |
| No. Stories | 5 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | R8B |
Amenities
Unit Amenities
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 500 |
| 1+1 | 11 | - | 650 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
100/100
Property Taxes
| Parcel Number | 0375-0061 | Total Assessment | $1,485,140 CAD |
| Land Assessment | $301,332 CAD | Annual Taxes | $181,075 CAD ($18.11 CAD/SF) |
| Improvements Assessment | $1,183,808 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
0375-0061
Land Assessment
$301,332 CAD
Improvements Assessment
$1,183,808 CAD
Total Assessment
$1,485,140 CAD
Annual Taxes
$181,075 CAD ($18.11 CAD/SF)
Tax Year
2026
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717 E 5th St
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