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Multifamily

245 East 30th Street

245 E 30th St, New York, NY 10016

Listing Price: $23,000,000

Cap Rate
6.00%
Number of Units
29
GRM
10.78
Price/Unit
$793,103
Price/Gross SF
$1,100.90
Gross SF
20,892

Investment Overview

Marcus & Millichap is pleased to offer 245 East 30th Street, a 29-unit, 6-story residential walk-up totaling approximately 20,892 square feet, ideally situated in one of Kips Bay’s most sought-after pockets. With 50 feet of frontage the property has significant presence on the block. The building is purely residential, with a unit mix consisting of 6 two-bedroom, 11 three-bedroom, 11 four-bedroom,
and 1 five-bedroom apartments. Of the 29 units, 25 are free market and 4 are rent regulated.

The free-market apartments have been newly renovated to a condominium standard, featuring
stainless steel kitchens, dishwashers, hardwood floors, and high ceilings.

Investment Highlights

  • 245 East 30th Street, this 29-unit property is comprised of approximately 20,892 SF with 50' of frontage. This property sits on a 50' x 98.75' lot (Block: 911 Lot: 26) and is built 50' x 84'.
  • Zoning: R7B | Tax Class: 2 | 86% Free Market
  • The property is well-served by the 6 train at 28th and 33rd Streets, the M15 bus along First and Second Avenues, the M34 crosstown bus along 34th Street, and the East River Ferry.

Exclusively Listed By

Financing By

Multifamily

245 East 30th Street

Listing Price: $23,000,000

Cap Rate
6.00%
Number of Units
29
GRM
10.78
Price/Unit
$793,103
Price/Gross SF
$1,100.90
Gross SF
20,892

Investment Highlights

  • 245 East 30th Street, this 29-unit property is comprised of approximately 20,892 SF with 50' of frontage. This property sits on a 50' x 98.75' lot (Block: 911 Lot: 26) and is built 50' x 84'.
  • Zoning: R7B | Tax Class: 2 | 86% Free Market
  • The property is well-served by the 6 train at 28th and 33rd Streets, the M15 bus along First and Second Avenues, the M34 crosstown bus along 34th Street, and the East River Ferry.

Investment Overview

Marcus & Millichap is pleased to offer 245 East 30th Street, a 29-unit, 6-story residential walk-up totaling approximately 20,892 square feet, ideally situated in one of Kips Bay’s most sought-after pockets. With 50 feet of frontage the property has significant presence on the block. The building is purely residential, with a unit mix consisting of 6 two-bedroom, 11 three-bedroom, 11 four-bedroom, and 1 five-bedroom apartments. Of the 29 units, 25 are free market and 4 are rent regulated. The free-market apartments have been newly renovated to a condominium standard, featuring stainless steel kitchens, dishwashers, hardwood floors, and high ceilings.

Exclusively Listed By

Financing By

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