Multi-family

Exceptional Investment Opportunity at 407 E 77th Street, New York, NY, 10021

Acquire a promising investment property in Manhattan’s desirable Upper East Side. This 3-star mid-rise apartment building offers a blend of affordability and stability in an urban setting, making it an attractive option for long-term investors.

Property Highlights:

• Sale Price: $6,000,000 ($400,000/Unit)
• Cap Rate: 2.74%
• Property Type: 3-Star Mid-Rise Apartments
• Gross Building Area (GBA): 9,840 SF
• Stories: 5
• Units: 15
• Typical Floor Size: 1,968 SF
• Building Class: C
• Affordable Type: Rent-Controlled Units

Advantages of This Property:

• Prime Location: Nestled in the heart of the Upper East Side, this property provides excellent access to urban amenities, public transit, and a thriving residential community.
• Stable Returns: The rent-controlled units ensure consistent income with long-term tenants in place.
• Appealing Scale: The 15-unit capacity across five stories offers a manageable yet profitable portfolio addition.
• Urban Convenience: Surrounded by a mix of retail, dining, and cultural landmarks, attracting a steady tenant base.

This property is a fantastic opportunity for investors focused on affordable housing and stable returns in one of New York City’s most prestigious neighborhoods.

Get in touch today to learn more or to arrange a private showing!