The subject property, 47 St. Marks Place, is five-story apartment building that consists of 6 one-bedroom and 2 two-bedroom apartments. The property is built 25 feet by 63 feet and sits on a 25 foot by 93.92 foot lot with approximately 7,990 gross square feet. The property is zoned R8B allowing for approximately 1,409 gross square feet of available air rights (Block: 00450, Lot: 0051)
This property offers investors the rare opportunity to purchase a multifamily building on St. Marks Place in the East Village section of Manhattan, New York.
47 ST MARKS PLACE
For SaleManhattanEast Village
$6,500,000
Price
-%
Cap Rate
10
Units
Contact Agent
NOI
Property Details
| Block/Lot: | 450/51 |
|---|---|
| Lot Dimensions | 25.0 x 93.92 |
| Lot Area | 2,348 sq.ft |
| Zoning: | R8B |
| FAR as Built: | 3.4 |
| Max FAR: | 4.0 |
Exclusive Agent
Matt Fotis
Marcus & Millichap
Sales & Transactions
| Address | Neighborhood | Building Class | Sale Price | Sale Date |
|---|---|---|---|---|
| 226 EAST 10TH STREET | EAST VILLAGE | C4 | $4,900,000 | 07/26/2018 |
| 215 EAST 12TH STREET | EAST VILLAGE | C2 | $8,500,000 | 05/29/2018 |
| 174 1 AVENUE | EAST VILLAGE | C4 | $12,050,000 | 05/17/2018 |
| 251 EAST 10TH STREET | EAST VILLAGE | C4 | $8,000,000 | 02/16/2018 |
| 31 EAST 1ST STREET | EAST VILLAGE | C5 | $5,381,394 | 09/23/2016 |
| 3 EAST 3RD STREET | EAST VILLAGE | C3 | $11,500,000 | 08/12/2016 |
| 251 EAST 10TH STREET | EAST VILLAGE | C4 | $5,000,000 | 07/26/2016 |
| 319 EAST 6TH STREET | EAST VILLAGE | C0 | $7,920,400 | 05/31/2016 |
| 332 EAST 6TH STREET | EAST VILLAGE | C4 | $6,911,000 | 04/06/2016 |
| 50 EAST 3RD STREET | EAST VILLAGE | C1 | $58,000,000 | 04/01/2016 |
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