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Affordable Investment or Owner-User Condo Opportunity – 132–134 East 72nd Street

Address: 132–134 East 72nd Street, New York, NY, 10021
Price: $349,000
Sale Type: Investment or Owner-User Sale
Type: 3-Star High-Rise Apartments – Condominium
Location: Urban – Upper East Side / Lenox Hill District
Units: 48 Residential Units (Condominium Building)
Stories: 15 Stories
Building Class: C
Gross Building Area (GBA): 47,245 SF
Typical Floor Size: 3,150 SF
Number of Buildings: 1
Units per Acre: 512 Units/AC
Market Segment: All (Open to Investors and Individual Buyers)
Rent Type: Market Rate

Investment Overview:

Located in the prestigious Upper East Side, 132–134 East 72nd Street offers a rare opportunity to acquire an affordable condominium unit in a well-established residential high-rise. Perfect for investors seeking reliable rental income or owner-users desiring a prime Manhattan address, this property benefits from a strong neighborhood profile and immediate access to world-class amenities.

Key Features:

Sought-After Upper East Side Location:

✔ Prime address on East 72nd Street between Lexington and Park Avenues
✔ Surrounded by high-end residential properties, luxury boutiques, and top-rated schools
✔ Minutes from Central Park, Madison Avenue shopping, and major cultural institutions

Efficient and Well-Maintained High-Rise:

✔ 15-story condominium building with 48 market-rate residential units
✔ Full-service amenities including attended lobby, elevators, and professional management
✔ Ideal for both full-time residents and pied-à-terre buyers

Building Specifications:

✔ 47,245 SF Gross Building Area with typical floors averaging 3,150 SF
✔ 1 building with a strong unit density of 512 units/AC
✔ Class C designation offering value opportunities through upgrades or modernization

Financial Highlights:

✔ Asking Price: $349,000 — excellent entry price for a Manhattan condo
✔ Flexible for investment leasing or immediate owner occupancy
✔ Strong rental demand and long-term appreciation potential in the Upper East Side market

Conclusion:

132–134 East 72nd Street presents an exceptional opportunity for investors or owner-occupiers to acquire a well-located condominium at an accessible price point. Located in one of Manhattan’s most prestigious neighborhoods, this property combines affordability, upside potential, and an unbeatable urban lifestyle.

Contact us today to schedule a tour or request full offering details.