176 Stanton St - Apartments FOR SALE


New York, NY 10002
$7,700,000 USD
212-951-1041
176 Stanton St, New York, NY for Sale
$7,700,000 USD
Apartments - FOR SALE
1/5
null | 5.41% Cap Rate

176 Stanton St
New York, NY 10002


HIGHLIGHTS

  • Transit Oriented Location
  • Commercial Tenant
  • Upside Potential
  • Superior Market
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of 176 Stanton Street, an eighteen (18) unit mixed-use investment property located in the Lower East Side neighborhood of New York, New York (the “Property”). 176 Stanton Street is a five-story brick building that contains one commercial unit on the ground floor and seventeen (17) 1-Bedroom/1-Bathroom residential units in a 9,565 square foot building on a 0.06-acre parcel. The Property is situated in an incredible urban infill location in the Lower East Side neighborhood of Manhattan. 176 Stanton Street is positioned in between Clinton Street and Attorney Street and is seconds from Hamilton Fish Park and a short walk from Essex Crossing, a dynamic multi-property neighborhood development located at the intersection of Delancey Street and Essex Street. The Property enjoys convenient access to the MTA bus line, several subway stations, the Williamsburg and Manhattan Bridges, and the city’s highways. The Property is 500 feet from Houston Street, one of the area’s primary commercial corridors, and enjoys convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Property is close to several area parks and schools and is 1-mile from New York University (NYU), 1.2-miles from the Brooklyn Bridge, and just a short walk from popular neighborhoods including Bowery, SOHO, NOLITA, and Greenwich Village. 176 Stanton Street offers the rare opportunity to acquire an eighteen (18) unit mixed-use asset in one of the country’s best performing real estate markets.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$805 USD /SF

# OF UNITS

18

PRICE/UNIT

$427,778

CAP RATE

5.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R7A, C1-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert AaronHorvath & TremblayMore Info
212-951-1041

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Robert AaronHorvath & TremblayMore Info
212-951-1041

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.