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323 East 90th Street
Apartment #123456
$7,695,000 Price
24 Bedrooms   12.0 Baths
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Photo 1 of 323 East 90th Street 123456, Upper East Side, NYC, $7,695,000, Web #: 1074943268Previous PhotoNext Photo1 of 3

323 East 90th Street, Upper East Side, NYC

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...

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 $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.

Courtesy of UbiQ NY Ltd

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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

Upper East Side, NYC
Type: Townhouse
Price: $7,695,000
Web ID: 1074943268

Info & Amenities

Type: Townhouse
Rooms: 50.0
Bedrooms: 24
Bathrooms: 12.0
Built: 1915

Map of Area for 323 East 90th Street 123456

Get to Know Upper East Side

The Upper East Side is a prestigious residential neighborhood in Manhattan known for its historic charm, tree-lined streets, and cultural attractions. It encompasses the Museum Mile, featuring renowned institutions like the Metropolitan Museum of Art and the Guggenheim Museum. The area exudes an elegant and sophisticated atmosphere, attracting families, professionals, and art enthusiasts.

More About Upper East Side

Neighborhood Guide to Upper East Side

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