OVERVIEW

Cushman & Wakefield (“C&W”) has been exclusively retained to offer for sale the 100% fee simple interest in 437 East 12th Street (the “Property”) in New York, NY. 437 East 12th Street is a six-story mixed-use apartment building located on the north side of East 12th Street between 1st Avenue and Avenue A in the heart of the East Village. The Property, which has 48.5’ of frontage along East 12th Street, spans 18,732 square feet above grade and features 39 residential apartments and 2 ground floor retail storefronts. Of the 39 apartments, there are 38 one-bedroom units and 1 two-bedroom unit. 25 (64%) of the apartments are free market, 13 (33%) are rent stabilized and one (3%) is rent controlled. The ground floor commercial spaces are leased to two neighborhood tenants including a restaurant/bakery and a tutoring center. The Property has recently received significant capital improvements including an extensive façade restoration and the installation of a new boiler (boiler installation expected to be completed in summer of 2024). The Property presents a unique opportunity for a buyer to purchase a well-maintained building in a best-in-class location that has not sold in nearly 40 years.

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