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

Listing IDOLRS-0079483
Listing Price$8,450,000
Total Baths10
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. Perfect for a rental investment.The building features:12 Residential Units: 2 Studios - 2 x duplex 1 Bedroom with garden - 8 x 2 BedroomsNote: The 2 duplex units could be converted in 4 studios. Projected: 14 UnitsGROSS SQFT: 9,813 - 25 FEET BY 70 FEET DEEPLOT: 25 X 100.67 FT (BLOCKL 01553-0014)Above grade: 8500 SqftGround Floor: 1313 SqftAvailable Air Rights: 1415 SqftRear yard: 750 Sqft91% of Units are Free Market (one unit is RS)Ability to Duplex Up Top Floor Apartments - Rent Roll: $465,000 (projected)Ground Floor Unit with Garden Access is Significantly Below MarketThe 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.
© 2022 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, January 26th, 2022 at 02:41:26 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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