274 E 10th Street

New York (Manhattan), NY 10009

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

Listing courtesy of Bond Property Mrkting Grp LLC [email protected]


Based on information submitted to the MLS GRID as of 2024-10-29 08:00 PM 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.