MultiFamily Property at 193 Avenue C Listed by Marcus & Millichap

Marcus & Millichap proudly presents 193 Avenue C, a remarkable investment opportunity in the heart of the East Village. Positioned on a pristine block located between East 11th Street and East 12th Street, this building boasts 5 units and spans an approximate area of 5,300 square feet. The building is 20’ x 53’ and sits on a 20’ x 67’ lot (Block: 394, Lot: 48). The property is zoned R7B

TH E OPPORT UNI TY

• 100% Free Market: All 4 residential units are Free-Market, allowing new ownership to take advantage of the robust rental market in the East Village.

• Delivered Fully Vacant: The building is delivered completely vacant which provides any buyer with a clear path to renovate and add value to the asset.

• Tax Class Protected 2A: Tax increases capped at 8% year over year or 30% over any given 5-year period. Current tax bill is approximately $9,000.

• Location & Transportation: Located in the Heart of the East Village, 193 Avenue C has a Natural Strong Demand Given its Centralized Location just steps from Tompkins Square Park and Access to all the Neighborhood has to Offer. This creates a strong demand of renters and tenants given endless supply of restaurants, nightlife, parks, shopping, and transportation. The properties’ nearby attractions include Tompkins Square Park, Astor Place, Union Square, NYU, Whole Foods and more. Top restaurants nearby include Cafe Mogador, The Bao, Oiji, Emmy Squared, Cacio E Pepe, Lavagna, Nowon, Buenos Aires and too many more to name. Just steps from the L subway line and a short walk to Union Square Subway station.