717 E 5th Street

New York (Manhattan), NY 10009

Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27. Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27. Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26. Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26. Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27. Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26. Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26. Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27. Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26. Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26. Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26. Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26. Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27. Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28. Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26. Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26. Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26. Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27. Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27. Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28. Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25. Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26. Gross Income: $592,517.76 Ann. Expenses: Fuel: $8,106.39 Ann. Electric: $1,432.96 Ann. Water & Sewer: $8,525.84 Ann. Insurance: $11,463.61 Ann. Maintenance & Repairs: $13,182.29 Ann. Taxes: $128,695.85 Ann. Total Expense: $171,406.94 Ann. Net Operating Income (NOI): $421,110.82 Ann. (5.21% Cap!!!)

Listing courtesy of All Island Estates Realty Corp [email protected]


Based on information submitted to the MLS GRID as of 2026-07-24 01:46 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.