• 2 years ago
  • 0

Listing IDOLRS-0079483
Listing Price$7,695,000
Total Baths10
Full Baths10
SqFt 9,813
CountyNew York
SubdivisionUpper East Side
Year Built1915
Property TypeResidential
Property Sub TypeTownhouse
Solid income producing property with upside.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, which seats on a 25 x 100 foot lot is currently configured as:GROSS SQFT: 9,813 - 25 FEET BY 70 FEET DEEPLOT: 25 X 100.67 FT (BLOCKL 01553-0014)Above grade: 8605 SqftGround Floor: 1313 SqftAvailable Air Rights: 1460 SqftRear yard: 750 SqftThe property features 12 Residential Units - 92% of Units are Free Market (one unit is RS):- 2 Studios - 2 x duplex 2 Bedroom with private access to the rear yard - 8 x 2 BedroomsNote:Ability to Duplex Up Top Floor Apartments Ground Floor Unit with Garden Access is Significantly Below MarketThe 2 duplex units could be converted in 4 studios (Projected: 14 Units)The roof of the building was completely remade in 2017 and it is guaranteed for 10 years by the construction company.323 East 90th Street presents an investor the chance to acquire a strategically located and well- maintained multifamily building with significant in-place cash flow and remaining upside thanks to the strong post-Covid rental rebound and the possibility of further value-add development options.(Projected Rent Roll: $465,000)The property is conveniently located in close proximity of 2nd Avenue - Q Line 86th Street and 4/5/6 subways stations on Lexington Ave. Within distance to Carl Schurz, Ruppert, Whole Food and Central Park. 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: Monday, August 15th, 2022 at 10:49:44 PM. Listing courtesy of Domus Arbiter Realty Corp..

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