13 9Th StNew York, NY 10003

Property Details for 13 9Th St

Year built

1900

Lot size

0.05 AC

Property size (Sq ft)

5,408 SF

Zone code

R7-2

Property type

Apartment buildings

APN

00567-0028

APU

5670028

Description

This exceptional 5-story, 6-unit apartment building at 13 E 9th St, New York, NY 10003, presents a compelling investment opportunity in Manhattan's coveted Gold Coast. Boasting 6,702 square feet on a 2,306 square foot lot, this property currently generates a substantial Net Operating Income (NOI) of $462,479. Zoned R7-2, it offers significant potential for expansion or redevelopment. The building's current configuration includes six units, all currently operating as monthly furnished rentals, providing a stable income stream. An additional 1,232 square feet of air rights are available, subject to Landmark Preservation Commission approval, opening up exciting possibilities for increasing the property's size and value. The property benefits from its tax class 2a protection. Its prime location offers proximity to upscale amenities, cultural attractions, and prestigious educational institutions, appealing to discerning buyers seeking sophistication and exclusivity. The asking price is $9,300,000. This presents a rare chance to acquire a high-performing asset with substantial upside potential in one of Manhattan's most desirable neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $1,108,689

  6.5%

  $1,023,405

  7%

  $950,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,095,244

  Geo Method

  $1,095,244

• Alternative Use

  Use

  Valuation

  Residential

  $1,023,405

  Hospitality

  $937,434

  Educational

  $779,934

  Medical

  $806,757

  Retail

  $1,213,230

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7326

Longitude

-73.9949

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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