The page is useful for research, but the status and price should be verified before acting.
Withheld St
Listing Notes
Exceptional 16-unit multifamily building featuring a balanced mix of 14 free-market and 2 rent-stabilized apartments. The property offers strong current income and significant upside potential through 12 fully renovated, large-format free-market units. Highlights 16 Total Units 14 Free-Market Apartments - large, renovated 3-4 bedroom layouts 2 Rent-Stabilized Apartments - providing steady, long-term cash flow All units have individual heating systems (tenants pay for heat) Air conditioning in every unit Low operating expenses due to tenant-paid utilities High demand for large family-sized apartments in the area Investment Summary This asset offers investors a rare combination of stability and growth. The 14 free-market units were historically deregulated prior to 2019 through legal pathways such as Individual Apartment Improvements and high-rent vacancy decontrol. Under current law, these apartments are permanently free-market, allowing rents to adjust freely with demand. The 2 stabilized units provide a reliable income base, with additional upside through modest rent guideline increases and permitted IAIs. Tenant-paid heat and utilities further reduce landlord expenses, enhancing NOI. Investor Highlights Strong in-place income with majority free-market exposure Upside potential via free-market rent growth Low maintenance costs and minimal owner responsibilities Balanced rent roll combining stability and flexibility Excellent opportunity for a value-focused multifamily investor
Market Insights
$317/sqft vs a nearby median of $844/sqft.
- -62% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 16,020 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 116.7% below the fair value — likely to draw competing offers if it's still on market.
- Days-on-market gravity−$332k −3.0%
- Pre-war character+$276k +2.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 152 days
- Last price change
- No change recorded
- Listed
- Dec 11, 2025
- Photos
- 11 photos
- Property type
- multi family
- Status
- for sale
Features & Amenities
Photos
Building Facts
- Year built
- 1910
- Stories
- 4
- Total units
- 25
- Residential units
- 22
- Building area
- 19,591 sqft
- Lot size
- 4,823 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- C7
From NYC public records where available.