Multi-family

Investment Opportunity in the Upper East Side – 323 E 90th Street

Address: 323 E 90th Street, New York, NY, 10128
Price: $7,695,000 ($591,923/Unit)
Cap Rate: 3.90%
Sale Type: Investment
Type: 3-Star Mid-Rise Apartments
Location: Urban
Units: 13
Stories: 5
Building Class: B
Gross Building Area (GBA): 9,813 SF
Typical Floor Size: 1,963 SF
Number of Buildings: 1
Units per Acre: 217/AC
Market Segment: All
Rent Type: Market/Affordable
Affordable Type: Rent Stabilized
Affordable Units: 1

Property Overview:

Situated in the prime Upper East Side, 323 E 90th Street presents an outstanding multifamily investment opportunity. This well-maintained 5-story mid-rise building offers a mix of market-rate and rent-stabilized units, providing steady income potential in one of Manhattan’s most desirable residential neighborhoods. With strong rental demand and an attractive cap rate, this property is ideal for long-term investors looking to secure a valuable asset in a thriving market.

Key Features:

Prime Upper East Side Location:

✔ Located in a high-demand residential area, known for its quiet streets, top-rated schools, and proximity to Central Park.
✔ Steps from popular shopping, dining, and cultural attractions, enhancing tenant desirability.
✔ Surrounded by luxury residential developments, driving long-term property appreciation.

Well-Maintained & Income-Producing Property:

✔ 13-unit multifamily building offering a stable rental income stream.
✔ Includes 1 rent-stabilized unit, balancing affordability with strong market rents.
✔ Thoughtfully designed apartments with spacious layouts and modern amenities.

Excellent Transit Access:

✔ Close to major subway lines (Q at 86th Street, 4, 5, 6 at 96th Street), ensuring convenient commutes.
✔ Well-connected by bus routes and bike-friendly streets, making it highly accessible.

Highlights:

✔ Prime investment opportunity in the Upper East Side
✔ $7,695,000 asking price with a 3.90% cap rate
✔ 13-unit mid-rise building with a mix of market-rate and rent-stabilized apartments
✔ Strong rental demand and long-term appreciation potential
✔ Convenient access to transit, shopping, and top-tier amenities

Conclusion:

323 E 90th Street offers a rare chance to own a multifamily property in one of NYC’s most sought-after residential areas. With a strong tenant base, stable income potential, and excellent location, this investment is well-positioned for long-term growth and profitability.

Contact us today to schedule a private tour and explore this exceptional investment opportunity!