Commercial Sale in New York (manhattan), New York, Manhattan, NY 10009 | Web ID: PH607016 | $6,250,000

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