43 Clinton StNew York, NY 10002

For Sale
$7,500,000
18-unit building, strong NOI, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 18-unit apartment building at 43 Clinton Street presents a compelling investment opportunity in the vibrant Lower East Side of New York City. The property boasts 9,935 square feet and sits on a 25' x 100' lot (Block: 349 Lot: 20), offering 25 feet of street frontage. Constructed in 1910, the building is a single structure with a permitted zoning of R7A and C1-5. Currently generating a Net Operating Income (NOI) of $450,000, this translates to a 6.00% capitalization rate. The asking price is $7,500,000, representing a price per square foot of $755 and a price per unit of $416,667. Situated on the west side of Clinton Street, between Rivington and Stanton Streets, this mixed-use property offers significant potential for future growth and value appreciation in a highly sought-after neighborhood. The building's dimensions are 25' x 80'. This is a rare opportunity to acquire a well-performing multifamily asset in one of Manhattan's most dynamic and desirable locations. The property's location and strong financial performance make it an ideal addition to any investment portfolio.

Property Details for 43 Clinton St

Property type
Apartment buildings
Square Feet
9,935 SF
Year Built
1910
Buildings
1
Units
18

Location Insight

City
New York
County
United States
State
New York
Latitude
40.7199595
Longitude
-73.9848896
43 Clinton St, New York, New York

FAQs

What type of property is this?
Apartment building - 18-unit building, strong NOI, excellent location.
Where is the apartment building located?
The property is located at 43 Clinton St New York, NY.
What is the asking price?
The asking price for this property is $7,500,000.
How can I contact the broker?
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43 Clinton St
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