Charming Investment Opportunity on Second Avenue
Address: 1390 1/2 Second Ave, New York, NY, 10021
Price: $3,950,000 ($987,500/Unit)
Type: 3-Star Mid-Rise Apartments
Sale Type: Investment
Overview:
Located in the vibrant Upper East Side, 1390 1/2 Second Avenue offers an exceptional opportunity for investors seeking a mid-rise residential property in a sought-after urban setting. This 4-story, Class C building features four units with a gross building area (GBA) of 3,755 SF, making it a solid option for market-rate rental income.
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Key Features:
Prime Upper East Side Location:
Situated in a desirable urban neighborhood, this property benefits from high tenant demand, proximity to upscale dining, shopping, and cultural landmarks, and access to excellent schools and transportation.
Steady Income Potential:
The building’s four residential units are leased at market rates, ensuring a consistent income stream in one of Manhattan’s most stable rental markets.
Efficient Layout:
With a typical floor size of 939 SF, the units provide comfortable living spaces suitable for a variety of tenant profiles, including young professionals and small families.
Well-Maintained Mid-Rise:
As a 3-star Class C property, the building offers a blend of affordability and quality, appealing to both tenants and investors.
Urban Appeal:
The property’s urban location guarantees steady demand and ease of access to the subway and other public transit options, making it ideal for city living.
Highlights:
- Units: 4 market-rate residential units
- Stories: 4-story mid-rise apartment building
- GBA: 3,755 SF with a typical floor size of 939 SF
- Investment Type: Urban market segment for stable rental demand
- Location: Prime Upper East Side, near transportation and amenities
This property is a rare find for investors looking to expand their portfolio with a strategically located mid-rise apartment building. Contact us today for more details or to schedule a tour!
