332 EAST 9 STREET

For Sale - Manhattan - East Village

$10,500,000

Net Operating Income: $556,261

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Key Details

Property Type
Mixed Use
Neighborhood
East Village
Property Dimensions
25.0 x 76.0
Property Area
9,546 sq.ft.
Total Units:
24
Stories:
5
NOI
$556,261
Price
$10,500,000
Price Per Unit
$437,500
Cap Rate
5.3%

Listing Description

Avison Young has been exclusively engaged by Ownership to offer for sale 332 East 9th Street (“Property”), a six-story, 25’-wide, mixed-use building located in the East Village neighborhood of Manhattan. The building spans 11,400± square feet and consists of 22 residential units and two occupied ground floor retail units. There are 13 free-market units and nine rent-stabilized units. Three of the free-market units can be delivered vacant. The retail is occupied by Green Garden, a Chinese restaurant, and Kaisen, a Japanese restaurant, with leases that run through 2023 and 2029, respectively.

Property Details

Block/Lot:
450/20
Lot Dimensions
25.0 x 93.92
Lot Area
2,348 sq.ft
Zoning:
R8B
FAR as Built:
4.07
Max FAR:
4.0
Brandon PolakoffAvison Young
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Sales & Transactions

AddressSale PriceSale DateProperty Type
302 EAST 12TH STREET$7,750,00007/10/2018Mixed Use
151 AVENUE A$9,500,00006/27/2018Mixed Use
116 SAINT MARKS$5,000,00005/22/2018Mixed Use
84 2 AVENUE$7,800,00005/16/2018Mixed Use
24 ST. MARKS PLACE$12,900,00005/03/2018Mixed Use
64 2 AVENUE$6,950,00002/28/2018Mixed Use
332 EAST 9TH STREET$9,600,00002/16/2018Mixed Use
58 ST MARKS PLACE$12,326,00011/17/2016Mixed Use
221 EAST 10TH STREET$10,025,00011/17/2016Mixed Use
341/2 SAINT MARKS PLACE$8,300,00010/28/2016Mixed Use