631 E 6th Street

Home » Listings » 631 E 6th Street

Featured Listings

631 E 6th Street

East Village Turnkey Multifamily

$12,500,000 Sales price

$1,790/SF Price per Ft

5.6% Cap Rate

Turnkey Luxury Asset: A fully gut-renovated, 10-unit residential building featuring high-end, modern finishes throughout.
Tax Protection: Highly desirable Tax Class 2B designation, limiting annual assessment increases and stabilizing long-term tax exposure.
Immediate Cash Flow & Full Occupancy: 100% leased with first-month rent concessions already burned off, delivering stabilized, hassle-free revenue.
Modern Tenant Amenity Package: Outfitted with an on-site laundry facility, virtual doorman, and individual tenant-controlled HVAC units.
Low Owner Expenses: Separately metered utilities, with tenants paying all electricity, heating, and cooling costs directly.
Favorable Debt Financing: Includes an attractive assumable loan structure of $7.25M at a 6.48% interest-only rate.
Prime East Village Location: Situated in one of Manhattan’s most sought-after submarkets, surrounded by iconic dining, vibrant nightlife, and prime retail.