Residential Building | 82 Apartments 63,150 SF

$11,000,000

549 & 573 Isham Street, New York, NY 10034

For Sale

Multifamily Unknown Sub Type

Active

Last Updated: 04/30/2026

Cap Rate: 7.35%

NOI: $807,214

Building Size: 63,150 sqft

Units: 82

Year Built: 1922/1921

Price Per Sqft: $174

Zoning: R7A

74% Free-Market Dominance: Escape the constraints of rent regulation with a portfolio heavily weighted toward market-rate units and uncapped growth
Legacy Pride of Ownership: A rare, well-cared-for asset with a clean track record and decades of consistent management
Quantifiable Upside: Below-market FM rents offer path to increased NOI
Prime Upper Manhattan Connectivity: Located just steps from major subway lines, offering a seamless commute and a vibrant, "live-work-play" neighborhood atmosphere

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	Executive Summary

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