109 Saint Marks Pl Immeuble residentiel 25 lots 9 385 200 € (375 408 €/Lot) Taux de capitalisation 5,70 % New York, NY 10009

Marcus & Millichap proudly presents 109 Saint Mark's Place, a remarkable investment opportunity in the heart of the East Village. Positioned on a pristine block located on the North side of the street between 1st Avenue and Avenue A, this building boasts 25 units and spans an approximate area of 10,386 square feet. The building is 25’ x 80’ and sits on a 25’ x 93.92’ lot (Block: 436, Lot:42). The property is zoned R8B.
THE OPPORTUNITY
• Building Overview: This 25-unit mixed-use property features 24 apartments and 1 commercial retail space. All of the residential units in the building are currently configured as one-bedroom apartments. Of the 24 residential units, 19 are free market and 5 are rent regulated. The retail is currently occupied by a well-know Korean restaurant, Mokyo. They signed a 10-year lease in 2019 with a June 2029 expiration date with 3% annual increases.
• High-End Finishes: Elevating the stature of this property are its renovated interiors. All free-market units within the building are adorned with Hardwood Floors, stainless steel appliances, dishwashers, ample closet spaces, video intercom systems, and feature queen size bedrooms. Additionally, all units benefit from a shared roof deck.
• Location & Transportation: Located in the Heart of the East Village, 109 St Mark's Place has a Natural Strong Demand Given its Centralized Location just steps from Tompkins Square Park and Access to all the Neighborhood has to Offer. This creates a strong demand of renters and tenants given endless supply of restaurants, nightlife, parks, shopping, and transportation. The property’s nearby attractions include Tompkins Square Park, Astor Place, Union Square, NYU, Whole Foods and more. Top restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires and too many more to name. Just a short walk from Astor Place Subway stations, around the corner from the M15 Bus Service and minutes to the 6, N, R, L, F subway lines.