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The Granite East Village Portfolio

21 1st Ave, New York, NY 10003
Available Now
39 views
FOR SALEMultifamily / Apartments Building
Cap Rate
7.1%
Building Size
73,072SF
Lot Size
0.31Ac
Currently Leased
No
Listing Contacts
Senior Director

Available Properties

Total: 4
Property Name / Address
Year Built
Individual Price
Condition

Location

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The Granite East Village Portfolio
About the location

Cushman & Wakefield has been exclusively retained to arrange the sale of The Granite East Village Portfolio, a rare collection of three properties across the East Village and Lower East Side of Manhattan. The offering comprises 117 residential units totaling approximately 71,145 square feet, including 30 free-market units (26%), 80 rent-stabilized units (70%), and 4 rent-controlled units (4%), with the portfolio currently 94% occupied. Additionally, there are 3 occupied commercial spaces. This portfolio provides an opportunity to acquire well-managed buildings with strong occupancy in some of NYC’s most desirable neighborhoods, benefiting from proximity to major transportation and offering immediate diversification across multiple submarkets, unit types, and rent regulatory profiles.

Location highlights
  • Long-term ownership opportunity
  • 117 units in highly desirable NYC neighborhoods
  • Transit-oriented locations
  • 4 properties spanning ±71,145 square feet
  • High occupancy levels – 94% occupied
  • Prime East Village and Lower East Side locations
The Granite East Village Portfolio
73,072 SF · multifamily · United States · NY