Investment Opportunity: 24 Unit, 6 Floor, Multi Family Building
| Price: | Usage: | Neighborhood: |
|---|---|---|
| $12,500,000 | Investment Sales | Upper East Side |
Property Description
Building Description
Building Size:12,750 SF
Price/Unit:$437,500
Property Type:Multifamily
Property Sub-type:Garden/Low-RiseProperty
Use Type:Investment
No. Stories:6 Year
Built:1910
Lot Size:2,500 SF
-six story walkup plus above-ground basement
-24 residential free-market co-op apartments plus a superintendents apartment.
-Currently zoned as both residential and commercial with all air rights intact, can vacate.
-Currently co-op, it can easily be converted to condo or single family or hotel.
-All leases end August 31st or sooner, with either 30-day or 60-day cancellation clauses.
-The C Corporation, which owns 100% of the building and land, is instead available for $8.4 million
The Upper East Side is a neighborhood of New York City that is defined by high end boutiques, restaurants and residences. The Upper East Side boasts one of the wealthiest residential populations in the country, with elegant townhouses and brownstones lining Park Avenue, Madison Avenue and Lexington Avenue. Embedded within the Upper East Side are the neighborhoods of Yorkville (centered on 86th Street and Third Avenue), Carnegie Hill (centered on 92nd Street and Fifth Avenue) and Lenox Hill (centered on 69th Street and 1st Avenue). The Metropolitan Museum of Art, the Guggenheim Museum, Dylan's Candy Bar, Bloomingdale's and the Central Park Zoo are just a few of the cultural and shopping icons located on the Upper East Side.
DUE TO CONFIDENTIALITY REASONS, THE ADDRESS IS NOT LISTED.
Please contact Lois Cohen (646) 645-3104
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