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Attributes

Year Built 1920
Occupancy 95.0 %

Property Description

19 St. Marks Place is comprised of 15 studios, 25 one-bedrooms, and a full floor penthouse. The building has tremendous rent upside that new ownership can capitalize on by renovating units with modern and luxurious finishes. Furthermore, building amenities can be improved by upgrading the common area terraces and creating a fitness center in underutilized basement space. 4 of 5 retail units are currently occupied and have a WALT of 9.9 years and an average in-place rent of $125 per foot. 19 St. Marks Place provides a rare value-add opportunity in the heart of New York City’s most sought-after neighborhoods.

Investment Highlights

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis as marketing and sales agent for 19 St. Marks Place (the “Property”), an 8-story, mixed use, residential and retail building located in the East Village neighborhood of Manhattan, New York. Situated mid-block between 2nd and 3rd Avenue at the crossroad of the East Village and Greenwich village, the Property is comprised of 41 residential units totaling 24,041 square feet and 5 ground-level retail units totaling 12,997 square feet. Residents at the Property can take advantage of close proximity to Astor Place (4 & 6 Trains) as well as 8 St - NYU (Q, R, W Trains) , and Broadway - Lafayette (B, D, F, M Trains).
Jeffrey Julien
Jeffrey Julien
Managing Director, Capital Markets
License details
NY-40JU1081538
Rob Hinckley
Rob Hinckley
Managing Director, Capital Markets
License details
CA-01811226: NY-10401240592

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