Overview

  • Asking Price Inquire for Pricing
  • Total Square Footage 167,971 SF
  • Total Units 241
  • Neighborhood East Village

Avison Young, as the exclusive agent, is pleased to offer for sale fifteen (15) multifamily and mixed-use properties in the heart of Manhattan’s East Village. The properties comprise two hundred twenty-nine (229) residential units and twelve (12) ground-floor retail spaces across 167,971 square feet.


The portfolio offers a rare opportunity to achieve immediate scale in one of Manhattan’s most coveted neighborhoods. Current ownership’s disciplined management strategy has reduced operating costs while driving revenue growth, positioning the assets for continued rental income expansion and long term value appreciation. With in place income at approximately 79% of peak NOI, the offering combines strong current performance with clear, near term upside potential.


All properties have been immaculately maintained, with current ownership implementing significant capital improvements across the portfolio. These include eighty-three (83) unit renovations and combinations. The renovated and combined units feature new wide-plank hardwood oak flooring, Carrara marble-inspired countertops, stainless steel appliances, custom-tiled bathrooms, and, in most cases, in-unit washers and dryers. The non-renovated units have been maintained to the highest standards, a

Highlights

Large Scale

High Cash Flow

Turnkey Units
Operationally Efficient

Ideal Prime Location

No Deferred Maintenance

Location Map

Team

Brandon Polakoff

Brandon Polakoff

Principal, Head of NYC Investment Sales
Avison Young - US - NY - New York
Ryan McGuirl

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
Lea Voytovich

Lea Voytovich

James Nelson

James Nelson

Principal, Head of U.S. Investment Sales
Avison Young - US - NY - New York