Listing courtesy of UbiQ NY Ltd (646) 583-5733
323 E 90th Street, New York, (Yorkville), NY, 10128
50 rooms
24 beds
12 Full baths
1915
Prewar
0 sqft
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 $536,000.
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.
Status:
Active
Town:
New York
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Laundry Remarks:
Building Inside,Common Area,None
Units:
0
Heating:
Central
Cooling:
Window Unit(s)
Levels:
5
Lot Size:
25X70
Pet Policy:
Building No, No
MLS #:
RLS20054845
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