615 East 6th Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New York, NY 10009

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 and Millichap is pleased to exclusively offer for sale 615 East 6th Street, located in the Alphabet City neighborhood. Located on the North side of 6th Street between Avenue B and Avenue C, this 9-unit multifamily property is comprised of approximately 7,860 square feet with 25’ of frontage. This property sits on a 25’x90.83’ lot (Block: 389 and Lot: 53) and is built 62’ deep. The property is zoned R8B.? ? Investment Highlights: • This 5-story multifamily building features 25 feet of frontage on East 6th Street and contains 9 large, residential apartments. The unit mix consists of 6 two-bedroom apartments and 3 three-bedroom ap • Apartments contain a large living room area with newly finished hardwood floors, recessed lighting, custom cabinetry, marble countertops, stainless steel appliances, in-unit washer/dryer, and more. • The building is steps away from Tompkins Square Park, East River Park, multiple gardens, and across the street from a school.

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. It has been on the market for 100 days. Compare it against other multifamily listings for sale in New York, NY — view the full market.

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