Prime East Village Multifamily -TurnKey 631 E Sixth St Immeuble residentiel 10 lots 10 763 250 € (1 076 325 €/Lot) Taux de capitalisation 5,60 % New York, NY 10009

631 E Sixth Street presents the opportunity to acquire a fully renovated multifamily asset in Manhattan's East Village neighborhood. The five-story, 10-unit property underwent a comprehensive renovation in 2023, creating a turnkey investment with modern residential finishes and updated building systems. The asset is fully occupied, providing immediate in-place cash flow from a stabilized tenant base.
Positioned in the heart of Alphabet City, the property benefits from one of Manhattan's most established residential rental markets. Residents are within walking distance of Tompkins Square Park, neighborhood dining and retail destinations, major employment centers throughout Downtown Manhattan, and multiple public transportation options connecting tenants to the broader New York City metropolitan area. The East Village continues to attract a diverse renter demographic drawn to the area's cultural amenities, educational institutions, and proximity to major business districts.
The building is designed to support efficient ownership and management, with separately metered utilities that transfer electricity, heating, and cooling expenses directly to tenants. Additional tenant amenities include an on-site laundry facility, virtual doorman service, and individual HVAC controls. The property's Tax Class 2B designation provides additional appeal through limitations on annual assessment increases, helping support long-term expense predictability.
With a combination of recent capital improvements, stabilized occupancy, modern tenant amenities, and a sought-after Manhattan location, 631 E Sixth Street offers investors the opportunity to acquire a renovated multifamily asset with immediate income and long-term ownership potential in one of New York City's most recognized residential neighborhoods.