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$7,750,000 -$338,000 (-4.18%) Price Reduced
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Property Description
Calling All Investors, Developers, & End-Users!!! 5.43 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!! The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9' Ceilings, Skylight, Separate Meters, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!! Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin', Wonder, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site or The Next Home For Your Business!!! Income: Apt. BA: $26,734.68 Ann.; Lease Exp.: 3/31/27. Apt. BC: $26,280 Ann.; Lease Exp.: 4/30/27. Apt. 1A: $25,847.88 Ann.; Lease Exp.: 8/31/26. Apt. 1B: $31,500 Ann.; Lease Exp.: 8/31/26. Apt. 1C: $33,300 Ann.; Lease Exp.: 2/28/27. Apt. 1D: $25,705.44 Ann.; Lease Exp.: 8/31/26. Apt. 2A: $32,700 Ann.; Lease Exp.: 11/30/26. Apt. 2B: $30,900 Ann.; Lease Exp.: 1/31/27. Apt. 2C: $16,975.68 Ann.; Lease Exp.: 6/30/26. Apt. 2D: $25,836.36 Ann.; Lease Exp.: 7/31/26. Apt. 3A: $31,800 Ann.: Lease Exp.: 8/31/26. Apt. 3B: $27,600 Ann.; Lease Exp.: 5/31/26. Apt. 3C: $17,625.721 Ann.; Lease Exp.: 1/31/27. Apt. 3D: $21,250.92 Ann.; Lease Exp.: 3/31/28. Apt. 4A: $29,209.80 Ann.; Lease Exp.: 8/31/26. Apt. 4B: $27,284.04 Ann.; Lease Exp.: 5/31/26. Apt. 4C: $24,068.64 Ann.; Lease Exp.: 7/31/26 Apt. 4D: $32,400 Ann.; Lease Exp.: 1/31/27. Apt. 5A: $29,046 Ann.; Lease Exp.: 4/30/27. Apt. 5B: $30,096 Ann.; Lease Exp.: 5/31/28. Apt. 5C: $20,400 Ann.; Lease Exp.: 11/21/25. Apt. 5D: $25,956.60 Ann.; Lease Exp.: 5/31/26. Gross Income: $592,517.76 Ann. Expenses: Fuel: $8,106.39 Ann. Electric: $1,432.96 Ann. Water & Sewer: $8,525.84 Ann. Insurance: $11,463.61 Ann. Maintenance & Repairs: $13,182.29 Ann. Taxes: $128,695.85 Ann. Total Expense: $171,406.94 Ann. Net Operating Income (NOI): $421,110.82 Ann. (5.43% Cap!!!)
Full Property Details
Full Property Details for 717 E 5th St
General
- Price: $7,750,000
- Taxes: $125,557
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1024507
- Updated: 8/19/2026
- Added to Site: 38 day(s) ago
Parking
- Parking Features: On Street
Location
- County: New York (Manhattan)
- Cross Streets: Avenue C
School Information
- High School District: City of New York
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick, Frame
- Building Size: 9345
- Square Feet: 9,345
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.0557
- Lot Size (Sq. Ft.): 2,425
- Zoning: R8B
Financial Considerations
- Tax Amount: $125,557.52
Disclosures and Reports
- Special Conditions: None
- Property ID: 0375-0061
- Block: 375
- Lot Number: 61
Listed by All Island Estates Realty Corp
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Schools
Schools serving 717 E 5th St
School District:New York City Geographic School District 01
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 717 E 5th St
Date
Details
Price
Change
Source
8/19/2026
Price Reduced
$7,750,000
-4.18%
MLS
7/13/2026
Listed
$8,088,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 717 E 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$125,558
—
$1,057,920
5%
2025
$125,558
1%
$1,004,460
1%
2024
$124,059
1%
$992,310
1%
2023
$123,095
—
$984,600
-2%
2022
$123,486
12%
$1,006,650
12%
2021
$110,127
-15%
$897,750
-15%
2020
$129,810
2%
$1,053,900
-3%
2019
$126,807
8%
$1,091,250
—
2018
$117,364
6%
$1,089,000
-1%
2017
$111,099
8%
$1,094,850
10%
2016
$102,534
10%
$996,300
14%
2016
$92,989
8%
$877,500
22%
2015
$86,308
10%
$716,850
1%
2013
$78,715
—
$713,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 717 E 5th St
717 E 5th Street, New York, NY 10009 (MLS# 1024507) is a Commercial property. 717 E 5th Street is currently listed for $7,750,000 and was received on July 13, 2026. Want to learn more about 717 E 5th Street? Do you have questions about finding other Commercial real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.

