6 E 2nd St - Apartments FOR SALE


New York, NY 10003- Greenwich Village
$9,950,000 USD
917-412-9996
6 E 2nd St, New York, NY for Sale
$9,950,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

6 E 2nd St
New York, NY 10003
Greenwich Village


HIGHLIGHTS

  • Value-Add Potential
  • 100% Free Market
  • Private Greenspace Behind Building

OVERVIEW

Jones Lang Lasalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of 6 East 2nd Street (“The Property”), a four-story 6,420 square foot mixeduse building located on the north side of East 2nd Street between Bowery and 2nd Avenue at the nexus of the East Village, NoHo and Nolita. The property is the former home of Ramones’ lead singer Joey and bassist Dee Dee and hosted one of the band’s earliest shows. Nearby Albert’s Garden is where the band paid $125 in 1976 for a blackand-white picture from Punk Magazine, featuring a brickwall background, for their debut album titled “Ramones.” This image on East 2nd Street is considered one of the most important and definitive music images of the 1970s. Situated in one of the most desirable pockets in Lower Manhattan, the Property presents a unique opportunity for an investor or owner-user to obtain a cash-flowing asset with potential for tremendous upside. The 1,605 square foot lot currently houses three free-market residential units which are each approximately 1,605 square feet and can be flexed to four-bedroom residences. These exceptionally spacious full-floor lofts are perfect for an end-user. Significant in-place cash flow with potential for upside, by renovating units two and four, coupled with little management fees and operating expenses adds to the allure for a user or investor. The property is also Tax Class 2A which means taxes cannot increase more than 8% per year and no more than 30% over five years which solidifies this property as an exceptional user or investment opportunity. 6 East 2nd Street sits in a preeminent downtown location steps from the iconic Great Jones and Bond Streets which are home to restaurants il Buco, Bond St, Lafayette Grand Café and Bakery, Bar Primi and many more. A few nearby shops include trendy Kith, Adidas for the sporty and REI for the adventurous. Only minutes from New York’s premier shopping corridor, Broadway in Soho, any needs are easily accessible within a 15 minute walk from the Property. Nearby Greenwich Village is home to NYU with over 60,000 students and contributes to the desirability of the neighborhood. The central location of 6 East 2nd Street has extremely attractive transportation options. The Bleecker Street 6 station is a five minute walk and two stops away from Union Square providing access to the 4 5 N Q R W L trains which makes access to other neighborhoods in Manhattan and Brooklyn seamless. For those yearning for greenery, Washington Square Park, Tompkins Square Park and Union Square are all within walking distance from the Property.

FOR SALE DETAILS

PRICE

$9,950,000 USD

PRICE/SF

$1,550 USD /SF

# OF UNITS

4

PRICE/UNIT

$2,487,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R8B, C6-1

APN/PARCEL ID

0458-0046

ASK ABOUT THIS PROPERTY

917-412-9996

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917-412-9996

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