Solid income producing property with upside.
5 Story Walk Up building - Built in 1915 + Ground floor located on a quiet tree-lined street on East 90th Street (between First and Second Avenues) in the Upper East Side, one of Manhattan's most mature and stable rental markets.
The property, which seats on a 25 x 100 foot lot is currently configured as:
GROSS SQFT: 9,813 - 25 FEET BY 70 FEET DEEP
LOT: 25 X 100.67 FT (BLOCKL 01553-0014)
Above grade: 8605 Sqft
Ground Floor: 1313 Sqft
Available Air Rights: 1460 Sqft
Rear yard: 750 Sqft
The property features 12 Residential Units - 92% of Units are Free Market (one unit is RS):
- 2 Studios
- 2 x duplex 2 Bedroom with private access to the rear yard
- 8 x 2 Bedrooms
Ability to Duplex Up Top Floor Apartments
Ground Floor Unit with Garden Access is Significantly Below Market
The 2 duplex units could be converted in 4 studios (Projected: 14 Units)
The roof of the building was completely remade in 2017 and it is guaranteed for 10 years by the construction company. A NEW boiler has just been installed and it is insured.
323 East 90th Street presents an investor the chance to acquire a strategically located and well- ...