Multi-family

Introducing 204 E 76th Street, New York, NY 10021

Available for sale are two exceptional investment listings at 204 E 76th Street, presenting a valuable opportunity for investors looking to acquire mid-rise apartments in a sought-after urban location. Priced between $5,500,000 and $9,500,000 ($785,714 to $863,636 per unit), these properties are ideal for those seeking a profitable addition to their real estate portfolio.

204 E 76th Street, New York, NY 10021

• Price Range: $5,500,000 – $9,500,000
• Units: 7
• Average Unit Size: 500 sq. ft.
• Total GBA: 4,650 sq. ft.
• Stories: 4
• Class: C

Key Features:

Investment Potential
With a total of 7 units, this mid-rise apartment building offers a promising investment opportunity in a competitive market. The average unit size of 500 sq. ft. caters to a diverse tenant demographic, enhancing the potential for high occupancy rates and steady rental income.

Prime Urban Location
Situated in a desirable urban area, 204 E 76th Street provides residents with easy access to a variety of amenities, including shopping, dining, and cultural attractions. The location is particularly appealing for tenants seeking the vibrant lifestyle that Manhattan offers.

Building Specifications
The property consists of one building with a gross building area of 4,650 sq. ft. Each typical floor spans 950 sq. ft., allowing for efficient use of space and comfortable living arrangements. As a Class C property, it meets the essential standards while presenting opportunities for improvements and upgrades.

Market Segment and Rent Type
This property falls within the all market segment and operates on a market rent type, making it a versatile addition to any investment strategy. The price range per unit reflects the potential for solid returns, backed by the strong demand for rental properties in the area.

Conclusion:

204 E 76th Street is an attractive investment opportunity in New York City’s dynamic real estate market. With its prime urban location, efficient unit sizes, and potential for consistent rental income, this property is well-suited for investors looking to enhance their portfolios. Explore these listings to seize the opportunity to acquire a valuable asset in one of Manhattan’s thriving neighborhoods!