717 5Th StNew York, NY 10009

This exceptional five-story mixed-use building, located at 717 East 5th Street in the vibrant East Village of Manhattan, presents a compelling investment opportunity. Built in 1920, the property boasts 10,000 square feet on a 2,425 square foot lot and features 22 units, offering a strong annual net operating income (NOI) of $381,181. The building's permitted zoning is R8B, allowing for potential future development or renovations. Situated in a highly desirable location, this fee-simple ownership property benefits from the area's thriving retail scene and diverse population. The building's classic architecture blends seamlessly with the neighborhood's unique character, providing a timeless appeal. This prime investment is ideal for owner-users or investors seeking a stable, high-performing asset in one of New York City's most sought-after neighborhoods. The property is offered as a 1031 exchange opportunity. All offers must include pre-approval, proof of funds, and attorney information.