Skip to main content

Multifamily

69 Avenue C

69 Avenue C, New York, NY 10009

Listing Price: $3,500,000

Cap Rate
5.30%
Number of Units
4
Price/Unit
$875,000
Price/Gross SF
$911.46
Gross SF
3,840

Investment Overview

4-unit, mixed-use, corner property spanning 3,840 SF. The property has been owned by the same family for over 20+ years. With a prime corner location and 4,795 SF of air rights, the prospective investor or developer can demolish the existing structure and build condominiums or, alternatively, add floors to the existing structure to increase cash flow. Additionally, the property is located in a qualified opportunity zone allowing eligibility for preferential tax treatment. The approximately 2,160 SF retail space is owner occupied and will be delivered vacant, allowing the prospective investor or user to reposition the retail space to increase cash flow.

Investment Highlights

  • 100% free market with immediate rental upside given the short term leases
  • 114 feet of wraparound frontage
  • 4,795 square feet of air rights

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Peter Dodge

    Licensed Real Estate Salesperson

    (212) 430-5231

    Email Peter

    License(s): NY: 10401319098

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

Multifamily

69 Avenue C

Listing Price: $3,500,000

Cap Rate
5.30%
Number of Units
4
Price/Unit
$875,000
Price/Gross SF
$911.46
Gross SF
3,840

Investment Highlights

  • 100% free market with immediate rental upside given the short term leases
  • 114 feet of wraparound frontage
  • 4,795 square feet of air rights

Investment Overview

4-unit, mixed-use, corner property spanning 3,840 SF. The property has been owned by the same family for over 20+ years. With a prime corner location and 4,795 SF of air rights, the prospective investor or developer can demolish the existing structure and build condominiums or, alternatively, add floors to the existing structure to increase cash flow. Additionally, the property is located in a qualified opportunity zone allowing eligibility for preferential tax treatment. The approximately 2,160 SF retail space is owner occupied and will be delivered vacant, allowing the prospective investor or user to reposition the retail space to increase cash flow.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Peter Dodge

    Licensed Real Estate Salesperson

    (212) 430-5231

    Email Peter

    License(s): NY: 10401319098

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

MM Texture Background
MM Textured Background Lower