Avenue D New York, NY 10009

This exceptional Alphabet City mixed-use property presents a compelling value-add investment opportunity. The building boasts 23 units, comprising 7 furnished apartments, 13 residential studios, and 1 residential convertible unit, totaling 14,588 square feet. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $404,211, yielding a strong 5.70% capitalization rate. The asking price is $7,100,000, translating to approximately $295,000 per unit. The building's prime location on Avenue D in New York, NY 10009, offers significant upside potential. Two retail spaces are included, both with signed leases extending through 2025, ensuring consistent rental income. The building's dimensions include a 42.5-foot wide frontage. This multifamily investment is an excellent opportunity for investors seeking strong cash flow and future appreciation in a vibrant New York City neighborhood. The property's current high occupancy and stable retail income stream provide a solid foundation for future growth. This is a rare chance to acquire a well-positioned asset with significant rental upside potential.