Multi-Family Investment Opportunity in Yorkville – 315 E 90th Street
Address: 315 E 90th Street, New York, NY, 10128
Price: $5,000,000 ($500,000/Unit)
Sale Type: Investment
Type: 2-Star Low-Rise Apartments
Location: Urban
Units: 10
Stories: 5
Building Class: C
Gross Building Area (GBA): 8,950 SF
Typical Floor Size: 1,790 SF
Number of Buildings: 1
Units per Acre: 174/AC
Market Segment: All
Rent Type: Market/Affordable
Affordable Type: Rent Controlled
Investment Overview:
315 E 90th Street presents an excellent multi-family investment opportunity in Yorkville, a thriving and desirable residential neighborhood on the Upper East Side. This five-story low-rise apartment building consists of 10 units, offering a mix of market-rate and rent-controlled apartments, providing stable rental income and long-term appreciation potential.
Read More
Key Features:
Prime Yorkville Location:
- Situated in the Upper East Side, a high-demand rental area known for its family-friendly environment, cultural attractions, and strong tenant retention.
- Close to Carl Schurz Park, the Second Avenue subway (Q train), and major retail corridors, ensuring convenience and accessibility.
- Surrounded by luxury high-rises, boutique retailers, and top-rated dining, increasing the property’s future value.
Stable Rental Income & Appreciation Potential:
- 10 total units, with a mix of market-rate and rent-controlled apartments, providing steady cash flow and investment security.
- Rent-controlled units ensure long-term stability, while market-rate units offer potential for increased rental revenue.
- Opportunity for renovations and capital improvements, enhancing property value and rental yields.
Well-Maintained Multi-Family Property:
- 8,950 SF across 5 stories, with a typical floor size of 1,790 SF, ensuring spacious unit layouts.
- Class C construction, presenting modernization and value-add opportunities for increased revenue.
- Investor-friendly asset with a strong rental history and low vacancy rates.
High-Demand Upper East Side Rental Market:
- Yorkville continues to attract young professionals, families, and long-term renters, making it a reliable investment market.
- Ideal for multi-family investors, developers, or value-add specialists looking for strong, stable returns.
- Competitive pricing at $5,000,000 ($500,000/unit), providing a solid entry point into one of NYC’s most established rental markets.
Investment Highlights:
✔ 10-unit low-rise apartment building in Yorkville
✔ $5,000,000 asking price ($500,000/unit) with market-rate and rent-controlled apartments
✔ 8,950 SF total space with 1,790 SF typical floor layout
✔ Stable rental income with future value-add potential
✔ Prime Upper East Side location near major transit and retail corridors
Conclusion:
315 E 90th Street is an attractive investment opportunity for multi-family investors seeking a stable, well-positioned asset in a high-demand rental market. With a mix of rent-controlled and market-rate units, strong appreciation potential, and a premium Upper East Side location, this property is ideal for investors looking for long-term stability and asset growth.
Contact us today to schedule a private tour and secure this exceptional investment property!
