Partner Home

Oodle Demo Partner

Real Estate and Homes   USA   NY   New York Area   Single-Family Home   10+ BR -

Home For Sale In New York, New York

Andrew Brenta

This listing was posted on RealtyWW.

$7,695,000

Home For Sale In New York, New York

Share
Tools
Price:
$7,695,000
Home Loan:
Mortgage Rates are Still Low - Free Quote Now
BR/BA:
10+ BR, 10+ BA
Location:
323 E 90th St Unit 123456, Manhattan, NY
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 feetThis 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 UnitsUsing 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 2017323 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 $465, 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.The superintendent does not live on-site.For more details: https://realtyww.info/homes_new-york-r782074/for-sale_i71659385
Property Type:
Single-Family Houses
Sq feet:
313 sq. ft.
Posted:
May 9 on RealtyWW
Share
Tools
Similar Listings
View All Similar Listings
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Similar Listings
View All Listings
Important Safety Tips

These might be signs of fraud:

  • Really cheap prices
  • Irregular email adresses
  • Contact info in pictures

To learn more, visit the Safety Center or click here to report this listing.