21-23 East 7th Street

21-23 East 7th Street, New York, NY 10003

  • For Sale $12,500,000
  • Property Type Mixed Use
  • Property Size 14,400 SF
  • Units 15
  • Year Built 1900
  • Date Updated Oct 31, 2022

The New York Multifamily team at Marcus & Millichap is pleased to exclusively offer for sale 21-23 East 7th Street, which is lcoated in the heart of the East VIllage. Located on the North Side of East 7th Street between 2nd and 3rd Avenues. This 17-unit mixed-use property is comprised of approximately 15,000 SF with 52' of frontage. The property sits on 52' x 75' lot (Block 483 Lot 48) and is built 52' x 54'. The property is zone R8B. 

The Opportunity: This five-story, pre-war, mixed-use building contains 2 retail tenants and 15 residential units. With month-to-month leases, all 12 of the free-market units offer immediate upside given the stength of the current rental market coming off the heels of depressed COVID rents. Additionally, the 2 rent-regulated units have a relatively strong rent of roughly $2,392 per month. Finishes in most units include exposed beams, exposed brick, recessed lighting, dishwashers, and renovated bathrooms/kitchens. 

Highlights: 

- Trophy location asset - Heart of the East Village - offered for $850 per SF 

- 17- units spanning roughly 15,000 SF boasting over 50 feet of frontage on East 7th Street

- Access: Conveniently located within blocks of the 4, 6, C, F, L, N, Q, R, & W subway lines 

- First sale after 60 years of being owned and operated by the same family 

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Attachments

Contacts

broker

Joe Koicim

Marcus Millichap || New York Multifamily

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    97/100 Biker's Paradise
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  • City New York, NY
  • Neighborhood East Village
  • Zip Code 10003
  • Market Manhattan

Points of Interest

  • Astor Place

    0.13 miles

  • 8th Street–New York University

    0.20 miles

  • Bleecker Street & Lafayette Street at Northeast Corner

    0.32 miles

  • Bleecker Street & Mulberry Street at Southeast Corner

    0.33 miles

  • Bleecker Street & Lafayette Street at Northwest Corner

    0.33 miles

  • Bleecker Street

    0.33 miles

  • 3rd Avenue

    0.34 miles

  • Bleecker Street & Lafayette Street at Southwest Corner

    0.34 miles

  • Bleecker Street & Mulberry Street at Southwest Corner

    0.34 miles

  • Second Ave (F,V)

    0.34 miles

  • ChargePoint

    0.60 miles

  • ChargePoint

    0.72 miles

  • ChargePoint

    0.73 miles

  • Tesla Supercharger

    0.81 miles

  • Blink

    0.81 miles

  • BP

    0.90 miles

  • ChargePoint

    0.94 miles

  • Blink

    0.99 miles

  • Mobil

    1.02 miles

  • ChargePoint

    1.14 miles

  • Edison ParkFast

    0.20 miles

  • Village View Parking Area 3

    0.35 miles

  • Delancey & Essex Municipal Garage

    0.65 miles

  • Vincent 15 Parking LLC

    0.77 miles

  • Christie Garage

    0.81 miles

  • iPark

    0.89 miles

  • Skyport

    0.93 miles

  • Icon Parking

    0.93 miles

  • Waterside Plaza Parking

    1.05 miles

  • Red Ball Garage

    1.16 miles

  • St. Mark's Hotel

    0.04 miles

  • The Standard, East Village

    0.09 miles

  • The Bowery Hotel

    0.22 miles

  • East Village Hotel

    0.23 miles

  • Hyatt Union Square New York

    0.32 miles

  • Union Square Inn

    0.34 miles

  • The GEM Hotel Soho

    0.39 miles

  • PUBLIC, an Ian Schrager hotel

    0.41 miles

  • The Ludlow Hotel

    0.49 miles

  • Hotel 17

    0.50 miles

  • Four Four South Village

    0.02 miles

  • Vegan Food Court

    0.03 miles

  • Streecha Ukrainian Kitchen

    0.03 miles

  • Makinny

    0.03 miles

  • Ise

    0.04 miles

  • 886

    0.04 miles

  • Udon St Marks

    0.05 miles

  • Boka

    0.05 miles

  • Boxed To-Go

    0.05 miles

  • Ray's Pizza Bagel Cafe

    0.05 miles

  • La Salle Academy

    0.04 miles

  • The Cooper Union

    0.08 miles

  • St. John's University

    0.09 miles

  • Public School 25

    0.18 miles

  • Manhattan School for Career Development

    0.21 miles

  • Grace Church School

    0.22 miles

  • NYU Philosophy Department

    0.26 miles

  • P.S. 19 Asher Levy School

    0.27 miles

  • Brookdale Center Hebrew Union College

    0.30 miles

  • Iris and B Gerald Cantor Film Center Tisch School for the Arts

    0.32 miles

  • 14th Street Y - Childcare

    0.37 miles

  • Bright Horizons Early Education & Preschool

    0.54 miles

  • Samuel J. Heyman Early Childhood Center

    0.61 miles

  • First Steps Academy

    0.62 miles

  • Downing Street Playgroup

    0.71 miles

  • All My Children Daycare & Nursery

    0.76 miles

  • Swan

    0.84 miles

  • Bright Horizons

    0.87 miles

  • The Accorn School

    0.93 miles

  • NY Kids Club

    0.96 miles

Frequently Asked Questions

What is the lease rate for 21-23 East 7th Street?

Rental asking rate at 21-23 East 7th Street is $6,250,000.00/YR.

What is the total square footage of 21-23 East 7th Street?

21-23 East 7th Street totals 14,400 square feet.

When was this property built?

21-23 East 7th Street was built in 1900.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Joe Koicim

Marcus Millichap || New York Multifamily