Multi-family

Turnkey Murray Hill Multifamily Portfolio – 206–208 East 35th Street

Asking Price: $5,750,000
Price/Unit: $718,750
Cap Rate: Contact for Financials
Asset Type: 2-Star Low-Rise Multifamily
Total Units: 8 Residential Units
Buildings: 2 Adjacent Properties
Gross Building Area (GBA): 4,872 SF
Avg Unit Size: 550 SF
Stories: 3
Class: C
Rent Type: Market/Affordable (1 Rent-Stabilized Unit)
Location: Murray Hill – Between 2nd & 3rd Avenues
Zoning: Verify Separately

Property Overview:

206–208 East 35th Street is a rare side-by-side multifamily offering in the heart of Murray Hill. Comprising two 3-story walk-up buildings totaling 8 units and approximately 4,872 square feet, this asset presents a compelling investment for both long-term holders and value-add buyers. With 7 market-rate units and only 1 rent-stabilized unit, the property offers solid in-place income with future upside potential through renovations and re-leasing.

Key Features:

• Prime Midtown East Location: Minutes from Grand Central, NYU Langone, and multiple subway lines
• Desirable Unit Mix: Efficient layouts with consistent rental demand from students, medical professionals, and young professionals
• Stable Income Stream: Majority market-rate tenancy ensures income growth flexibility
• Well-Maintained Structures: Brick façade, updated mechanicals, and low operating costs
• Investment Flexibility: Ideal for owner/operator, 1031 exchange, or long-term portfolio addition

Investment Highlights:

• 8 residential units across two contiguous buildings
• Asking $5.75M or $718,750 per unit
• Total GBA of 4,872 SF with avg. unit size of 550 SF
• Located in a high-demand rental corridor with strong tenant retention
• Only one rent-stabilized unit offers low regulatory exposure

Conclusion:

206–208 East 35th Street offers investors a unique opportunity to acquire a compact, high-performing multifamily asset in a central and consistently strong Manhattan rental market. With low regulatory risk and significant upside through light value-add improvements, this portfolio is ideal for buyers seeking durable returns and long-term appreciation.

Contact us today to request financials, rent roll, or to schedule a private tour.