338 East 13th Street — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: New York, NY 10003
Photos
Investment Figures
- Cap rate
- 5.76%
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 present 338 East 13th Street, a 28-foot-wide mixed-use building in the heart of the East Village between First and Second Avenues. Consisting of 19 apartments, 12 of which are free market, the property provides clear upside through rent growth and repositioning. The five-story building spans approximately 28 feet by 81 feet, totaling about 12,500 rentable square feet, and is zoned R8B (3.91 FAR). Located just blocks from Tompkins Square Park and St. Mark’s Place, the property sits in one of Manhattan’s most in-demand submarkets, characterized by low vacancy, consistent rent growth, and strong demand from students and young professionals due to its relative affordability and dense retail profile. The Property also benefits from convenient access to the L subway line at First Avenue, the F subway line at Second Avenue, and the 4, 5, 6, N, Q, R, and W subway lines at nearby Union Square, providing direct connectivity throughout Manhattan and the outer boroughs. 338 East 13th Street represents an opportunity to acquire a well-located mixed-use asset with strong inplace cash flow and long-term rental upside in one of Manhattan’s most supply-constrained and sought-after residential neighborhoods. Investment Highlights: • Prime East Village Location Between 1st and 2nd Avenue • 19 Apartments with 70% Free Market Component • 28 Feet of Frontage • Strong In-Place Cash flow • One Avenue Away from Tompkins Square Park • Long-Term Rental Growth Opportunity in a High-Barrier-to-Entry Manhattan Market • Access to the L, F, 4, 5, 6, N, Q, R, and W Subway Lines
Market Context
This multifamily in New York, NY is listed for sale. It is offered at an approximate 5.8% 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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