211 Henry Street

Ariel Property Advisors is pleased to present 211 Henry Street, a 10-unit multifamily walk-up property located on the north side of Henry Street between Clinton Street and Montgomery Street on the Lower East Side. The subject property is 5-stories tall and totals approx. 8,880 square feet. Of the 10 units, 8 are free market and 2 rent stabilized, with a unit mix that consists of six 3-bedroom apartments and four 2-bedroom apartments. The building was recently gut-renovated and features high-end finishes, allowing a potential conversion to condominium units. Strong free market rents provide excellent cash flow today 211 Henry Street is located in the Two Bridges section of the Lower East Side, a dynamic area of Manhattan that is experiencing an increase in monthly rents and condo sellout values. The property is within walking distance to several area attractions and institutions, including New York University, Cooper Union, and the Manhattan campus of St. John’s University. The F subway train is located just two blocks away on East Broadway. Additionally, the building enjoys quick and easy access to the FDR Drive and the Williamsburg & Manhattan Bridge. Featuring high-quality finishes, central location, and significant cash flow, 211 Henry Street presents investors with an excellent multifamily acquisition opportunity. For more information, please contact our exclusive sales team listed