Skip to main content

Multifamily

247 Broome Street

247 Broome St, New York, NY 10002

Listing Price: $8,000,000

Cap Rate
5.50%
Number of Units
21
GRM
15.90
Price/Unit
$380,952
Price/Gross SF
$920.07
Gross SF
8,695

Investment Overview

Marcus & Millichap is pleased to exclusively offer 247 Broome Street, a 6-story, mixed-use rental building situated on the south side of Broome Street, between Orchard Street and Ludlow Street, in the heart of Manhattan’s Lower East Side. The prewar property boasts approximately 8,704 square feet with 25’ of frontage. The asset is built 25’ X 76’ and sits on a 25’ x 87.5’ lot (Block: 408; Lot: 13). The property is zoned C4-4A. ?

Investment Highlights

  • 247 Broome Street Presents a Unique Investment Opportunity to Acquire a Meticulously-Maintained, Mixed-Use Property with Significant Free Market Upside Potential.
  • The Property Consists of 21 Total Units, Including 20 Residential Apartments and 1 Ground-Floor Retail Space.
  • Ideally Positioned in The Heart of The Lower East Side, 247 Broome Street is Surrounded by a Thriving Mix Of Restaurants, Nightlife, and Cultural Staples.

Exclusively Listed By

Financing By

Multifamily

247 Broome Street

Listing Price: $8,000,000

Cap Rate
5.50%
Number of Units
21
GRM
15.90
Price/Unit
$380,952
Price/Gross SF
$920.07
Gross SF
8,695

Investment Highlights

  • 247 Broome Street Presents a Unique Investment Opportunity to Acquire a Meticulously-Maintained, Mixed-Use Property with Significant Free Market Upside Potential.
  • The Property Consists of 21 Total Units, Including 20 Residential Apartments and 1 Ground-Floor Retail Space.
  • Ideally Positioned in The Heart of The Lower East Side, 247 Broome Street is Surrounded by a Thriving Mix Of Restaurants, Nightlife, and Cultural Staples.

Investment Overview

Marcus & Millichap is pleased to exclusively offer 247 Broome Street, a 6-story, mixed-use rental building situated on the south side of Broome Street, between Orchard Street and Ludlow Street, in the heart of Manhattan’s Lower East Side. The prewar property boasts approximately 8,704 square feet with 25’ of frontage. The asset is built 25’ X 76’ and sits on a 25’ x 87.5’ lot (Block: 408; Lot: 13). The property is zoned C4-4A. ?

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower