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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

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2024 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.