332 East 9th Street — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: New York, NY 10003

Photos

332 East 9th Street — Sale in New York, NY, photo 1 of 2
332 East 9th Street — Sale in New York, NY, photo 2 of 2

Investment Figures

Cap rate
6.52%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present 332 East 9th Street, a 25-foot-wide mixed-use building located in the heart of the East Village between First and Second Avenues. The property consists of 22 apartments, 50% of which are free-market, providing a clear path to revenue growth through future rent increases and continued repositioning. The asset also includes two retail units situated along a strong neighborhood corridor. The 11,400 square foot, five-story building measures 25 feet by 76 feet. The property is zoned R8B (4.07 FAR). All free-market residential units, common areas, and retail spaces have been upgraded. The two commercial units total approximately 1,750 square feet and are occupied by Lady Wong Bakery and Sushi Kai, both of which have operated at the property for more than a decade. Located just one block from Tompkins Square Park and St. Mark's Place, 332 East 9th Street sits within one of Manhattan's most sought-after submarkets. The East Village continues to benefit from low vacancy, consistent rent growth, and strong demand from students and young professionals drawn to the neighborhood's relative affordability, vibrant retail environment, and unmatched access to downtown Manhattan. Investment Highlights: • Prime East Village Location Between 1st and 2nd Avenue • Two Commercial Spaces in Prime Corridor • 22 Apartments with 50% Free Market Component • Strong in Place Cash Flow • Close proximity to Tompkins Square Park

Market Context

This multifamily in New York, NY is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in New York, NY — view the full market.

Contact

  • Dylan Torey
  • John Stewart

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