245 East 30th Street — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: New York, NY 10016
Photos
Investment Figures
- Cap rate
- 6.20%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to offer 245 East 30th Street, a 29-unit, 6-story residential walk-up totaling approximately 20,892 square feet, ideally situated in one of Kips Bay’s most sought-after pockets. With 50 feet of frontage the property has significant presence on the block. The building is purely residential, with a unit mix consisting of 6 two-bedroom, 11 three-bedroom, 11 four-bedroom, and 1 five-bedroom apartments. Of the 29 units, 25 are free market and 4 are rent regulated. The free-market apartments have been newly renovated to a condominium standard, featuring stainless steel kitchens, dishwashers, hardwood floors, and high ceilings. Investment Highlights: • 245 East 30th Street, this 29-unit property is comprised of approximately 20,892 SF with 50' of frontage. This property sits on a 50' x 98.75' lot (Block: 911 Lot: 26) and is built 50' x 84'. • Zoning: R7B | Tax Class: 2 | 86% Free Market • The property is well-served by the 6 train at 28th and 33rd Streets, the M15 bus along First and Second Avenues, the M34 crosstown bus along 34th Street, and the East River Ferry.
Market Context
This multifamily in New York, NY is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in New York, NY — view the full market.
Contact
- Joe Koicim
- Logan Markley
- Max Herzog · (212) 430-5165 · mherzog@ipausa.com
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