300 E 6th St APT 1, New York, NY 10003

The New York City rental vacancy rate remains critically low, estimated at 1.4%, matching record lows from 2023 and indicating a severe housing shortage. This incredibly tight market, well below the 5% threshold generally considered balanced, keeps rental demand extremely high and continues to drive up housing. 300 East 6th Street (a.k.a. 102 2nd Avenue) as a Renaissance Revival style apartment building with neo-Greco elements designed by Bruno W. Berger and built in 1897 The rare combination of commercial frontage on a main avenue in prime East Village while the residential entrance is located on 6th Street. The building is perfectly situated to maximize the heavy foot traffic on 2nd avenue and provide all the units with great light and space. Prime corner building with commercial space and free market units that has just finished a complete facade restoration at the end of 2025. 3 - 3 bedrooms and 1 - 2 bedroom, that can be converted into a 3 bedroom. (apartments feature W/D in unit & dishwasher, steam heat, double exposure and solid light) 2 commercial spaces, with main fronting 2nd avenue. The 2nd Avenue corridor hosts high levels of foot traffic during all hours as the area hosts residential, nightlife and retail density. Repositioning of the space offers a big upside for new owner. Good upside to rent roll as current rents are below market and leases coming due soon on 3 units in 2026. Offering a variety of options from just increasing rents as is to minor upgrades to add more to the rent roll providing asymmetric revenue to expenses.