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Listing Courtesy of UbiQ NY Ltd
$ 7,495,000
Est. payment /mo
Active
323 E 90th Street Manhattan, NY 10128
24 Beds
12 Baths
UPDATED:
Key Details
Property Type House
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Yorkville
MLS Listing ID RLS20054845
Style Prewar
Bedrooms 24
Full Baths 12
HOA Y/N Yes
Year Built 1915
Property Sub-Type Single Family Residence
Property Description
This property offers a reliable source of income with potential for growth!
Ideal investment opportunity in one of Manhattans established and stable rental markets, this 1915 5-story walk-up building is situated on a serene tree-lined street. The property is currently configured as follows:
- Total Gross Square Footage: 9,813 (25 feet wide, 70 feet deep)
- Lot Size: 25 100.67 feet (Block 01553-0014)
- Above Grade: 8,605 square feet
- Ground Floor: 1,313 square feet
- Available Air Rights: 1,460 square feet
- Rear Yard: 750 square feet
This property is comprised of 12 residential units, 11 of which are free-market rentals. The unit breakdown is as follows:
- 2 Studios
- 2 Duplex 2-Bedroom Units with private access to the rear yard
- 8 2-Bedroom Units
Using the air-right, the top-floor apartments can be converted into duplexes, and the two ground floor duplex units could potentially be converted into four studios, resulting in a projected total of 14 units.
Building is very well maintained: a new boiler has recently been installed and the roof was renovated in 2017
323 East 90th Street offers investors the opportunity to acquire a well-maintained multifamily building in a strategically advantageous location. With a strong rental rebound following the COVID-19 pandemic and the potential for value-add development options, there is significant cash flow in place with room for further growth. The projected rent roll is $536,000.
Conveniently positioned near the Q Line 86th Street subway station on 2nd Avenue, as well as the 4/5/6 subway stations on Lexington Avenue, the property provides easy access to transportation. It is also within close proximity to Carl Schurz Park, Whole Foods, and Central Park.
Ideal investment opportunity in one of Manhattans established and stable rental markets, this 1915 5-story walk-up building is situated on a serene tree-lined street. The property is currently configured as follows:
- Total Gross Square Footage: 9,813 (25 feet wide, 70 feet deep)
- Lot Size: 25 100.67 feet (Block 01553-0014)
- Above Grade: 8,605 square feet
- Ground Floor: 1,313 square feet
- Available Air Rights: 1,460 square feet
- Rear Yard: 750 square feet
This property is comprised of 12 residential units, 11 of which are free-market rentals. The unit breakdown is as follows:
- 2 Studios
- 2 Duplex 2-Bedroom Units with private access to the rear yard
- 8 2-Bedroom Units
Using the air-right, the top-floor apartments can be converted into duplexes, and the two ground floor duplex units could potentially be converted into four studios, resulting in a projected total of 14 units.
Building is very well maintained: a new boiler has recently been installed and the roof was renovated in 2017
323 East 90th Street offers investors the opportunity to acquire a well-maintained multifamily building in a strategically advantageous location. With a strong rental rebound following the COVID-19 pandemic and the potential for value-add development options, there is significant cash flow in place with room for further growth. The projected rent roll is $536,000.
Conveniently positioned near the Q Line 86th Street subway station on 2nd Avenue, as well as the 4/5/6 subway stations on Lexington Avenue, the property provides easy access to transportation. It is also within close proximity to Carl Schurz Park, Whole Foods, and Central Park.
Location
State NY
County New York
Interior
Heating Central
Cooling Window Unit(s)
Furnishings Unfurnished
Fireplace No
Laundry Building Inside, Common Area, None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Townhouse
Story 5
New Construction No
Others
Tax ID 1553-0014
Ownership None
Pets Allowed Building No, No
RLS Data display by Elegran Real Estate
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