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241 Henry St
New York, NY 10002 Two Bridges

$4,000,000

Apartments For Sale  •  9,108 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 9,108 Sq Ft
  • Lot Size 0.05 ac
  • Building Class C
  • Year Built 1900
  • Cap Rate 3.00 %
  • Zoning R7-2,Manhattan
100 Transit Score
99 Walk Score

Description

Marcus & Millichap is pleased to offer 241 Henry Street, located between Montgomery Street and Clinton Street in the Lower East Side section of Manhattan.

The subject property is a five story residential building that consists of one 1-bedroom apartment and 9 2-bedroom apartments. The property is built 23 ft x 66 ft and sits on a 23.08 ft x 80 ft lot with approximately 6,800 gross square feet. The property is zoned R7-2 (Block: 286, Lot: 17)

This property offers investors the rare opportunity to purchase an apartment building in good condition with a low average rent in the Lower East Side section of Manhattan, New York.

Highlights

Lower East Side Apartment Building Opportunity
Three Blocks to “F” Subway Line
Tax Class 2B
Low Average Apartment Rent
Building in Good Condition
Few Blocks to Seward Park Development Project | 1.65 Million Square Feet of Residential, Office, and Retail Space

Financial Summary

Cap Rate: 3.00 %

Public Transportation

Commuter RailDriveWalkDistance
Flatbush Avenue Station Commuter Rail (West Hempstead Branch, Long Beach Branch, Hempstead Branch, Far Rockaway Branch) 9 min - 3.3 mi
Long Island City Station Commuter Rail (Hempstead Branch) 12 min - 5.0 mi
Transit/SubwayDriveWalkDistance
East Broadway Transit Stop (F) 2 min 6 min 0.3 mi
Essex Street Transit Stop (J, M, Z) 3 min 10 min 0.5 mi
Delancey Street Transit Stop (F) 3 min 11 min 0.5 mi
Grand Street (B,D Line) Transit Stop 3 min 13 min 0.6 mi
Bowery Transit Stop (J, M, Z) 4 min 17 min 0.8 mi
AirportDriveWalkDistance
La Guardia Airport 18 min - 9.4 mi
Newark Liberty International Airport 30 min - 13.2 mi
John F. Kennedy International Airport 27 min - 15.0 mi

Parking Details

Parking Available: No
Reserved: No
Type: Surface
Included in Rent: Yes
Matthew Fotis 212-430-5206 Marcus & Millichap Inc
Matthew Fotis 212-430-5206 Marcus & Millichap Inc