Condo Opportunity on the Upper East Side – 120 E 86th Street
Address: 120 E 86th Street, New York, NY, 10028
Price: $4,999,999
Sale Type: Investment or Owner-User
Type: 2-Star Mid-Rise Apartments Condo
Location: Urban (Upper East Side)
Units: 16 Residential Units
Stories: 6
Gross Building Area (GBA): 24,666 SF
Typical Floor Size: 4,400 SF
Building Class: C
Units per Area: 133/AC
Market Segment: All
Rent Type: Market
Property Overview:
Located in the highly desirable Upper East Side, 120 E 86th Street offers a rare condo ownership opportunity in a classic 6-story mid-rise building. Whether you’re an investor seeking rental income or an owner-user looking for a prime residence or professional space, this property offers an ideal combination of location, scale, and potential.
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Key Features:
Coveted Upper East Side Location:
- Just off Lexington Avenue, steps from 86th Street subway station (4, 5, 6)
- Surrounded by renowned schools, cultural institutions, upscale shopping, and fine dining
- Minutes from Central Park, Museum Mile, and the Met
Condo within Established Residential Building:
- 16-unit configuration offers manageable scale and low density
- Perfect for luxury rental portfolio, professional office use, or live/work setup
- Market-rate units provide flexibility in leasing strategy and income generation
Attractive Investment or Personal Use:
- Priced at $4,999,999, offering a valuable entry into condo ownership in a blue-chip neighborhood
- 24,666 SF total building area provides ample space with potential for multiple unit acquisition or repositioning
- Potential to create a high-end pied-à-terre, office suite, or residential compound
Highlights:
✔ $4.999M condo in a 6-story Upper East Side mid-rise
✔ Ideal for owner-occupants or real estate investors
✔ Located steps from subway, Central Park, and premium neighborhood amenities
✔ Surrounded by high-income demographics and historic charm
✔ Rare opportunity for ownership in a flexible-use, market-rate building
Conclusion:
120 E 86th Street presents a compelling chance to acquire a condo interest in a prime Upper East Side location, suited for both investment income or personal use. With its prestigious address, flexible layout, and strong neighborhood fundamentals, this property is a smart choice for buyers looking to own a piece of one of Manhattan’s most iconic residential enclaves.
Contact us today to learn more or to schedule a private showing.
