315 East 51st Street
Midtown East, NYC
$3,695,000 Price
10 Bedrooms   8.5 Baths

Contract Signed

315 East 51st Street is a 7-unit income producing investment property. The property currently consists of a total of five (5) free market rental units, with two (2) stabilized units. Several units have been recently renovated and others are meticulously well-maintained. Excellent midtown location surrounded by beautiful townhouses.

The...

315 East 51st Street is a 7-unit income producing investment property. The property currently consists of a total of five (5) free market rental units, with two (2) stabilized units. Several units have been recently renovated and others are meticulously well-maintained. Excellent midtown location surrounded by beautiful townhouses.

The house is comprised of a ground floor duplex 3-bed/2-bath unit, along with a spacious north facing Garden. The second and third floor's both have one (1) bedrooms respectively. The apartments feature spacious bedrooms. The top floor penthouse duplex features updated finishes, 2 bedrooms, washer/dryer in unit, soaring double height ceilings with a breathtaking skylight. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals or convert to a grand single family residence.This property is also an ideal turn-key opportunity for those seeking to live with income in an immaculate 3 bedroom garden duplex with a large north-facing garden.
Specifications:
Stories: 5
Building Sq. Ft.: 5,760 Sq. Ft.
Building Width: 18.75 Ft.
Building Depth: 60 Ft.
Lot Width: 18.75 Ft
Lot Depth: 100.42 Ft.
Annual Taxes: $91,409.64

Current rent roll: $246,462
Perfect 1031 investment property with add on value opportunity. Several units are below market rent from Covid which can be raised at renewal.

All showings are by appointment only require advance notice for access.

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Contract Signed
Midtown East, NYC
Type: Townhouse
Price: $3,695,000
Re Tax: $7,617
Web ID: 23198189

Info & Amenities

Type: 5 Family House
Rooms: 15.0
Bedrooms: 10
Full Bathrooms: 8
Half Bathrooms: 1.0

Map of Area for 315 EAST 51ST STREET

Listing Agent(s)

Brown Harris Stevens Real Estate Agent Paul Anand
Paul Anand
Email Paul
o: 212-452-6275
c: 917-207-7847
Brown Harris Stevens Real Estate Agent Theron Smith III
Theron Smith III
Email Theron
o: 212-452-6285
c: 646-799-3607
Brown Harris Stevens Real Estate Agent Samuel Gilbert
Samuel Gilbert
Email Samuel
o: 212-317-7740
c: 917-922-8147

Get to Know Midtown East

Midtown East is a vibrant neighborhood located in the heart of Manhattan, New York City. It stretches from East 42nd Street to East 59th Street and is bordered by the East River to the east and Fifth Avenue to the west. This area is known for its bustling commercial district, iconic landmarks, and convenient accessibility to various attractions and amenities.

More About Midtown East

Neighborhood Guide to Midtown East

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