323 East 90th Street, Unit 123456
323 East 90th Street, Unit 123456
$7,695,000
24
12
8,605
8,605
$894
Description
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...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.
Property Details for 323 East 90th Street, Unit 123456
Architectural Style
Prewar
Location
LISTING UPDATED: 05/07/2024 11:23 PM
Property Details for 323 East 90th Street, Unit 123456
Status | Active |
---|---|
MLS ID | RLMX-99495 |
Days on Market | 13 |
Taxes | - |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 50.0 |
Compass Type | Single Family |
MLS Type | Single Family Townhouse |
Year Built | 1915 |
Lot Size | 2,500 SF / 25' x 100' |
County | New York County |
Building
Location
Building Information for 323 East 90th Street, Unit 123456
Stories5Year Built1915Building Size25' x 70'Building Sq. Ft8,750 SFLot Size2,500 SF / 25' x 100'Building AgePre-warBuilding TypeTownhouse
Payment Calculator
$41,995 per month
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Property Information for 323 East 90th Street, Unit 123456
Property History for 323 East 90th Street, Unit 123456
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 323 East 90th Street, Unit 123456
This home is within New York City Geographic District # 2.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Yorkville Community School PublicPK to 5 | ||
P.S. 527 East Side School-Social Actio PublicK to 5 | ||
Jhs 167 Robert F Wagner Public6 to 8 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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