21 E 7th St #B,New York,NY,10003

A rare value-add mixed-use asset located at the nexus of the East Village and Greenwich Village, two of Manhattans most iconic and dynamic neighborhoods. Strategically positioned along East 7th Street between Cooper Square and 2nd Avenue, the Property features 52 feet of prime frontage with immediate access to an extensive mix of world-class dining, nightlife, boutique retail, and cultural institutions. The Property is also steps from multiple subway lines, providing seamless connectivity to all of Manhattan and the outer boroughs. The Property totals 14,400 gross square feet, comprised of 12,031 square feet of residential space and 2,387 square feet of ground-floor retail. In total, the Property contains seventeen (17) units, including twelve (12) free-market apartments, two (2) rent-stabilized units, one (1) rent-controlled unit, and two (2) ground-floor retail spaces. The residential component presents a compelling value-add opportunity. Units feature oversized layouts averaging approximately 800 square feet, with expansive living rooms, large bedrooms, and full kitchens. While kitchens and baths remain dated, the units showcase desirable pre-war character, including exposed brick walls, decorative fireplaces, original wood flooring in excellent condition, and rustic plank ceilings in select units. A programmatic renovation of common areas and free-market apartments will allow an investor to capture premium market rents in one of Manhattans most supply-constrained and in-demand rental corridors. With its rare combination of pre-war charm, strong in-place cash flow, and significant value-add potential, 2123 East 7th Street represents a unique opportunity to acquire a generational asset in one of New York Citys most coveted locations. Investment Highlights: 80% Free Market Attractive rent roll with strong upside potential Pre-War Character Exposed brick, decorative fireplaces, original wood floors, and plank ceilings Value-Add Opportunity Renovate free-market units and common areas to achieve premium rents Prime Location Situated at the nexus of the East Village and Greenwich Village Transit Access Steps from Astor Place (6) and a short walk to Union Square (4, 5, 6, N, Q, R, W, L).