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East Village Portfolio
Asset ClassMultifamily, Mixed Use
# Buildings15
overview of deal

Overview

Avison Young, as the exclusive agent, is pleased to offer for sale fifteen (15) multifamily and mixed-use properties in the heart of Manhattan’s East Village. The properties comprise two hundred twenty-nine (229) residential units and twelve (12) ground-floor retail spaces across 167,971 square feet.

 

The portfolio offers a rare opportunity to achieve immediate scale in one of Manhattan’s most coveted neighborhoods. Current ownership’s disciplined management strategy has reduced operating costs while driving revenue growth, positioning the assets for continued rental income expansion and long term value appreciation. With in place income at approximately 79% of peak NOI, the offering combines strong current performance with clear, near term upside potential.

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Investment Highlights

  • Scale: 241 units across 167,971 square feet
  • Cash Flow: Over $6.3 million, operating at below peak income potential
  • Turnkey: 83 units are either fully renovated free-market (FM) units or renovated combination units
  • Operational Efficiencies: All 15 buildings are within a seven-block radius
  • Ideally Located: Situated in the heart of the always-in-demand East Village
  • Significant CapEx: Ownership has invested significant capital expenditures (CapEx) across the portfolio
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323-325 E 12th StNew York, NY 10003
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