323 East 90th Street

Upper East Side   |   Second Avenue & First Avenue

Building for sale
$ 8,900,000
Ownership Rental Property
Floors/Apts 5/12
Status Active
Real Estate Taxes [Per Annum] $ 120,345
Building Type Low-Rise
ASF/ASM 9,813/912
Listing ID: 79483TH

Property Description

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 is undergoing an extensive refurbishment and will be delivered with an improved layout through the addition offer brand new residential units located at the first and ground floor bringing the total number of apartments from 12 to 14 units.
The two new ground floor one bedroom apartments will be configured with private access to the rear yard.

The gut renovation will also include a brand new heating system and a common laundry room in the basement. The roof of the building was completely remade in 2017 and it is guaranteed for 15 years by the construction company.

The property, which seats on a 25 x 100 foot lot, is conveniently located in close proximity of 2nd Avenue - Q Line 86th Street subway station presenting an investor the chance to acquire a refurbished and well located multifamily building with significant in-place cash flow and remaining upside.

The Super leaves off site.

ASKING PRICE:
$8,900,000 ($906.96 / SQFT)

GROSS SQFT: 9,813 - 25 FEET BY 70 FEET DEEP
LOT: 25 X 100.67 FT (BLOCKL 01553-0014)
Above grade: 8500 Sqft
Ground Floor: 1313 Sqft
Available Air Rights: 1415 Sqft
Rear yard: 750 Sqft

Rent Roll: $465,000 (projected)

The building features:
12 Residential Units + 2 duplex units in the process to be converted in 4 studios: 14 Units
2 Studios - 4 x 1 Bedroom, - 8 x 2 Bedrooms
91% of Units are Free Market (one unit is RS)
Ability to Duplex Up Top Floor Apartments
Ground Floor Unit with Garden Access is Significantly Below Market
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 is undergoing an extensive refurbishment and will be delivered with an improved layout through the addition offer brand new residential units located at the first and ground floor bringing the total number of apartments from 12 to 14 units.
The two new ground floor one bedroom apartments will be configured with private access to the rear yard.

The gut renovation will also include a brand new heating system and a common laundry room in the basement. The roof of the building was completely remade in 2017 and it is guaranteed for 15 years by the construction company.

The property, which seats on a 25 x 100 foot lot, is conveniently located in close proximity of 2nd Avenue - Q Line 86th Street subway station presenting an investor the chance to acquire a refurbished and well located multifamily building with significant in-place cash flow and remaining upside.

The Super leaves off site.

ASKING PRICE:
$8,900,000 ($906.96 / SQFT)

GROSS SQFT: 9,813 - 25 FEET BY 70 FEET DEEP
LOT: 25 X 100.67 FT (BLOCKL 01553-0014)
Above grade: 8500 Sqft
Ground Floor: 1313 Sqft
Available Air Rights: 1415 Sqft
Rear yard: 750 Sqft

Rent Roll: $465,000 (projected)

The building features:
12 Residential Units + 2 duplex units in the process to be converted in 4 studios: 14 Units
2 Studios - 4 x 1 Bedroom, - 8 x 2 Bedrooms
91% of Units are Free Market (one unit is RS)
Ability to Duplex Up Top Floor Apartments
Ground Floor Unit with Garden Access is Significantly Below Market

Listing Courtesy of Domus Realty

Care to take a look at this property?

Apartment Features

A/C [Window Units]
323 East 90th Street Upper East Side New York NY 10128

Building Details [323 East 90th Street]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1553/14
Building Type Low-Rise
Floors/Apts 5/12

Building Amenities

Garden
Laundry Rooms

Mortgage Calculator in [US Dollars]

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2021 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.