NY > New York (manhattan)
New York (manhattan), NY 10009,274 E 10th ST
New York (manhattan), NY 10009,274 E 10th ST
New York (manhattan), NY 10009,274 E 10th ST
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$6,250,000
Est. payment /mo
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2,491 Sqft Lot
Active

274 E 10th ST New York (manhattan), NY 10009

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Jose Agudo

Jose Agudo

+1(917) 674-8131

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 811768

Rental Info No

Year Built 1900

Annual Tax Amount $67,927

Lot Size 2,491 Sqft

Acres 0.0572

Property Sub-Type Multi Family

Source onekey2

Property Description

East Village Investment Opportunity: 274 East 10th Street Offered at $6,200,000
Located in the heart of the East Village, 274 East 10th Street is a prime 5-story, 6,000 sq. ft. multifamily property featuring 12 rental units (7 one-bedroom, 2 two-bedroom, 1 studio, 1 mini office) and a large backyard. With 9 free-market units, conservative upgrades could increase the rent roll by 21%.

Key Location Highlights:
Proximity: Strategically positioned between Avenue A and First Avenue, just half a block from Tompkins Square Park and Alphabet City.
Strong Market Fundamentals:
Vacancy Rate: 1.6% vs. Metro average of 2.8%, indicating strong demand.
Annual Rent Growth: 4% vs. Metro's 1.2%, driven by high demand and limited new construction.
Supply Constraints: Only 70 units added in the past 5 years, with 160 units currently under construction.
Rental Market Overview:
Average Rent: $4,730/month vs. Metro average of $3,220/month.
Rent by Bedroom:
Studios: $3,000
1-Bedrooms: $3,500
2-Bedrooms: $4,600+
3-Bedrooms: $6,500
Conclusion:
With its tight supply, rising rents, and prime location, the East Village remains a top-tier investment area. High tenant demand and limited inventory ensure continued rent growth, while the vibrant neighborhood amenities justify premium pricing for renters

Location

State NY

County New York (manhattan)

Rooms

Basement Unfinished

Interior

Heating Steam

Cooling Individual Units

Fireplace No

Exterior

Utilities Available Natural Gas Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Bond Property Mrkting Grp LLC

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agent

Jose Agudo

Agent

+1(917) 674-8131

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274 E 10th ST

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