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Ad #7648251
MLS #1024440
Listing photo

Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100%

240 E 9th St, New York, New York, 10003
$10,588,000
--Beds
--Baths
--Sqft
0.048Acres

About this property

Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9' Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin', Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27. Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27. Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26. Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26. Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27. Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26. Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26. Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27. Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26. Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26. Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26. Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26. Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27. Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28. Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26. Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26. Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26. Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27. Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27. Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28. Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25. Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26. Gross Income: $592,517.76 Ann. Expenses: Fuel: $8,106.39 Ann. Electric: $1,432.96 Ann. Water & Sewer: $8,525.84 Ann. Insurance: $11,463.61 Ann. Maintenance & Repairs: $13,182.29 Ann. Taxes: $128,695.85 Ann. Total Expense: $171,406.94 Ann. Net Operating Income (NOI): $421,110.82 Ann. (5.21% Cap!!!)

Property Features

0 Beds
0 Baths
0 Sqft
Built in 1900
0.048 Acres
On Street
Siding: Brick, Frame
Oil, Hot Water(Heating)
$121,601 / yr property tax
New York County

Additional Photos

Additional listing photo 1
Additional listing photo 2
Additional listing photo 3
Additional listing photo 4

Contact Information

Richard Matt Shane

All Island Estates Realty Corp

516-279-8828

Location

Map
Listing Agent: Richard Matt Shane 516-279-8828
Broker: All Island Estates Realty Corp 516-532-9184 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 25, 2026

Photo Gallery

Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 1
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 2
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 3
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 4
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 5
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 6
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 7
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 8
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 9
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 10
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 11

$10,588,000

--
Beds
--
Baths
--
Sqft

240 E 9th St, New York, New York, 10003

By contacting this agent you agree to these Terms and Conditions.
Home New York New York
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 1
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 2
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 3
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 4
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% - photo 5
MLS# 1024440
Lot For Sale

Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100%

$10,588,000

240 E 9th St, New York, New York, 10003

--
Beds
--
Baths
--
Sqft
0.048
Acres
$10,588,000
240 E 9th St, New York, New York, 10003
-- Beds
-- Baths
-- Sqft
0.048 Acres
Calling All Investors, Developers, & End-Users!!! 5.21 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9' Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin', Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27. Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27. Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26. Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26. Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27. Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26. Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26. Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27. Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26. Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26. Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26. Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26. Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27. Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28. Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26. Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26. Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26. Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27. Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27. Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28. Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25. Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26. Gross Income: $592,517.76 Ann. Expenses: Fuel: $8,106.39 Ann. Electric: $1,432.96 Ann. Water & Sewer: $8,525.84 Ann. Insurance: $11,463.61 Ann. Maintenance & Repairs: $13,182.29 Ann. Taxes: $128,695.85 Ann. Total Expense: $171,406.94 Ann. Net Operating Income (NOI): $421,110.82 Ann. (5.21% Cap!!!)
11 days
on BeachHouse.com
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Property Details

HOME DETAILS

0 Beds
0 Baths
0 Sqft
Built in 1900
0.048 Acres

EXTERIOR

On Street
Siding: Brick, Frame

INTERIOR

Oil, Hot Water(Heating)

FINANCIAL & COMMUNITY

$121,601 / yr property tax
New York County
See More Details

Location

Map
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Ad Statistics

Ad Number
7648251
Viewed
20 times
Listing Status
Active
Added
Jul 13, 2026
Last Refresh
Jul 25, 2026 12:45:58 AM

Listing Information

Data Source
OneKey MLS
Source Property ID
1024440
Listing Agent: Richard Matt Shane 516-279-8828
Broker: All Island Estates Realty Corp 516-532-9184 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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is committed to ensuring digital accessibility and property listings for individuals with disabilities. All information provided is deemed reliable but is not guaranteed and should be independently verified. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please let us know.

Dream Home Network Inc. Sells leads to DHN Realty Inc. who holds real estate brokerage licenses in Alabama. Listing agents will be sent notification copy of leads on their listings where Dream Home Network Inc. is provided listings via our Feed Provider as required.

© 1997 - 2026 BeachHouse.com
Part of Dream Home Network, Inc.
Last updated on 2026.07.25
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