
29 Essex St
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29 Essex St
10 Unit Block of Flats £2,506,757 (£250,676/Unit) 5.01% Net Initial Yield New York, NY 10002



INVESTMENT HIGHLIGHTS
- Transit Oriented Location
- Upside Potential
- Exceptional Demographics
- Commercial Tenants
- Superior Market
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive sale of 29 Essex Street, a ten (10) unit mixed-use investment property located in the Lower East Side neighborhood of New York, New York (the “Property”). 29 Essex Street is a five-story brick building that contains two commercial units on the ground floor and eight (8) 1-Bedroom/1-Bathroom residential units in a 5,500 square foot building on a 0.03-acre parcel. The Property is situated in an incredible urban infill location in the Lower East Side neighborhood of Manhattan. 29 Essex Street is positioned in between Hester Street and Grand Street and is across the street from Seward Park and a short walk from Essex Crossing, a dynamic multi-property neighborhood development located at the intersection of Delancey Street and Essex Street. The Property enjoys convenient access to the MTA bus line, several subway stations, the Manhattan and Williamsburg Bridges, and the city’s highways. The Property is 500 feet from Canal Street and 0.2-miles from Delancey Street, two of the area’s primary commercial corridors, and enjoys convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Property is close to several area parks and schools and is 1-mile from the Brooklyn Bridge, 1.2-miles from New York University (NYU), and just a short walk from popular neighborhoods including Bowery, SOHO, NOLITA, Financial District, and Greenwich Village. 29 Essex Street offers the rare opportunity to acquire a ten (10) unit mixed-use asset in one of the country’s best performing real estate markets.
PROPERTY FACTS
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (97)
PROPERTY TAXES
Parcel Number | 0310-0031 | Improvements Assessment | £209,529 |
Land Assessment | £204,089 | Total Assessment | £280,680 |
PROPERTY TAXES
Parcel Number
0310-0031
Land Assessment
£204,089
Improvements Assessment
£209,529
Total Assessment
£280,680
ZONING
Zoning Code | C6-2 |
C6-2 |
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29 Essex St
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