Located in the heart of Manhattan’s prestigious Upper East Side, 53 E 64th Street offers a prime investment opportunity for those seeking high-end residential units in one of the city’s most desirable neighborhoods. With a sale price of $9,750,000 ($2,437,500 per unit), this 3-star mid-rise apartment building is well-suited for investors looking to capitalize on the strong demand for luxury rental properties.
Property Highlights
- Sale Price: $9,750,000
- Units: 4
- Gross Building Area (GBA): 7,288 SF
- Typical Floor Size: 1,214 SF
- Stories: 4
- Building Class: C
- Rent Type: Market
- Location: Central Business District (CBD)
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Key Features
- Prime Investment Opportunity: Priced at $2,437,500 per unit, this property presents a unique chance for investors to acquire high-value real estate in one of New York City’s most affluent and sought-after areas.
- Spacious Units: Each of the four units spans an average of 1,214 square feet, providing ample space for luxurious living or renovation to increase potential rents.
- Strategic Location: Situated in the Upper East Side, a neighborhood known for its upscale residences, cultural institutions, and proximity to Central Park, this property is an attractive option for investors targeting high-end tenants.
- Building Characteristics: The property features sturdy Class C construction and a mid-rise design with a well-maintained structure, offering both immediate occupancy and future potential for value improvements.
Conclusion
53 E 64th Street is a high-quality investment property, offering a mix of luxury appeal and solid returns. With four spacious units and a location in one of Manhattan’s most prestigious neighborhoods, this property is an excellent opportunity for investors seeking a steady stream of rental income and long-term capital appreciation.
