104 Suffolk Street is a pre-war rental building located in the vibrant Lower East Side of Manhattan, completed in 1920. This five-story walk-up features 20 residential units, including 18 one-bedroom apartments and 2 duplexes. The building offers a range of amenities, including a live-in super and laundry facilities, along with a video intercom system for added security.
The apartments are characterized by spacious layouts, with many featuring renovated kitchens equipped with dishwashers and ample closet space. The building's rental structure includes 14 free market units averaging approximately $2,000 per month and 6 rent-stabilized units averaging around $791 per month, presenting significant upside potential for investors.
Situated between Rivington and Delancey Streets, 104 Suffolk Street is surrounded by a rich array of cultural and culinary offerings, making it a desirable location for residents. The area is home to numerous restaurants, shops, and nightlife options, as well as being conveniently located near public transportation, including the Delancey Street-Essex Street subway stop serviced by the F, J, M, and Z trains.
As a neighborhood known for its eclectic mix of residents, including designers, writers, and musicians, the Lower East Side continues to evolve with new developments, such as the Seward Park Urban Renewal Area. This building not only provides a unique living experience but also positions residents at the heart of a dynamic community.
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Abington Properties is a family owned and operated real estate development and management company that has been in business for more than fifty years.
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