100 & 102 East 4th Street

Investment Overview

Newmark has been retained on an exclusive basis to arrange for the sale of 100 & 102 East 4th Street, New York, NY (“The Property”). The offering consists of two adjacent walk-up buildings totaling 7,317 square feet across eight mixed-use units, located in the heart of Manhattan’s East Village. 100 East 4th Street features four commercial units across 3,396 square feet, while 102 East 4th Street is comprised of four residential units totaling 2,921 square feet. Delivered mostly vacant—with only one rent-controlled tenant currently in place—this presents an exceptional opportunity for repositioning or redevelopment. The residential portion benefits from a protected Tax Class 2A status, limiting future tax increases. The combined parcels include approximately 7,107 square feet of additional as-of-right air rights, offering significant development potential. Both properties feature large rear yards and are located on a tree-lined block between 1st and 2nd Avenues. This is a rare opportunity to acquire a vacant or near-vacant footprint in a highly desirable and supply-constrained submarket of Manhattan. Situated in the dynamic East Village, the property is surrounded by cultural institutions, vibrant nightlife, boutique retail, and acclaimed dining destinations. Residents and tenants alike enjoy easy access to green spaces like Tompkins Square Park and East River Park, while nearby institutions such as NYU, Mount Sinai Beth Israel, and Cooper Union anchor the area with strong demand. The property is ideally located just five minutes from the 2nd Avenue F subway station, and within ten minutes of the B, D, M, and 6 trains, providing unmatched connectivity to the rest of Manhattan and beyond. This central location makes the offering appealing to a diverse mix of investors, developers, and owner-users.

Investment Highlights

• Rare East Village Mixed-Use Opportunity
• Two adjacent walk-ups comprised of 4 commercial and 4 residential units across 7,317 total SF.
• Significant Development Potential
• Approximately 7,107 SF of as-of-right air rights provide a compelling value-add or expansion opportunity.
• Vacancy-Driven Value Play
• The buildings will be delivered mostly vacant, with only one rent-controlled tenant remaining, streamlining renovation or redevelopment plans.
• Protected Tax Class (2A)
• The residential portion at 102 East 4th Street benefits from a protected tax classification, reducing exposure to escalating property taxes.
• Highly Desirable East Village Location
• Located on East 4th Street between 1st and 2nd Avenues, the property sits in one of Manhattan’s most sought-after and culturally rich neighborhoods.
• Excellent Transit Accessibility
• Just a 5-minute walk to the F train at 2nd Avenue and within 10 minutes of the B, D, M, and 6 lines, ensuring excellent access across NYC.
• Proven Demand Drivers
• Surrounded by major employers, universities (NYU, Cooper Union), and healthcare institutions (Mount Sinai Beth Israel), ensuring a steady base of demand.