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  • Auther Image by CRUM
  • March 21, 2020
  • 0

Listing IDOLRS-0079483
Listing Price$8,900,000
CountyNew York
Year Built1915
Property TypeBuilding Sale
Property Sub TypeTownhouse
5 Story Walk Up building - Built in 1915 + Ground floor located on a quiet tree-lined street on East 90th Street (between First and Second Avenues) in the Upper East Side, one of Manhattan's most mature and stable rental markets.The property could improved its layout through the possible addition of brand new residential units located at the first and ground floor bringing the total number of apartments from 12 to 14 units.The two new ground floor one bedroom apartments could be configured with private access to the rear yard. The potential renovation could also include a brand new heating system and a common laundry room in the basement. The roof of the building was completely remade in 2017 and it is guaranteed for 15 years by the construction company. The property, which seats on a 25 x 100 foot lot, is conveniently located in close proximity of 2nd Avenue - Q Line 86th Street subway station presenting an investor the chance to acquire a refurbished and well located multifamily building with significant in-place cash flow and remaining upside.The Super leaves off site.ASKING PRICE: $8,900,000 ($906.96 / SQFT)GROSS SQFT: 9,813 - 25 FEET BY 70 FEET DEEP LOT: 25 X 100.67 FT (BLOCKL 01553-0014) Above grade: 8500 SqftGround Floor: 1313 SqftAvailable Air Rights: 1415 SqftRear yard: 750 SqftRent Roll: $465,000 (projected)The building features:12 Residential Units + 2 duplex units (with possible conversion in 4 studios) 2 Studios - 4 x 1 Bedroom, - 8 x 2 Bedrooms91% of Units are Free Market (one unit is RC)Ability to Duplex Up Top Floor ApartmentsGround Floor Unit with Garden Access is Significantly Below Market
© 2021 Real Estate Board of New York. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of REBNY. Real estate listings held by IDX Brokerage firms other than CRUM are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is deemed reliable but not guaranteed. Data last updated: Wednesday, October 20th, 2021 at 12:31:31 PM. Listing courtesy of Domus Arbiter Realty Corp. AKA Domus Realty.

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Contact - Listing ID OLRS-0079483

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31 West 34th Street, 7th Floor
New York, NY 10001
Phone: 646-757-4785
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