Fully Market-Rate Multifamily Investment – 309 E 92nd Street, Upper East Side
Address: 309 E 92nd Street, New York, NY, 10128
Price: $8,500,000 ($850,000/Unit)
Sale Type: Investment
Type: 2-Star Mid-Rise Apartments
Location: Urban (Upper East Side – Yorkville)
Units: 10 Residential Units
Average Unit Size: 731 SF
Stories: 5
Gross Building Area (GBA): 8,600 SF
Typical Floor Size: 1,689 SF
Building Class: C
Units per Acre: 174/AC
Market Segment: All
Rent Type: Market
Property Overview:
309 E 92nd Street presents a rare opportunity to acquire a fully market-rate, 10-unit multifamily building in the thriving Yorkville section of the Upper East Side. This 5-story walk-up features spacious layouts, strong rental demand, and excellent access to public transit and neighborhood amenities, making it a low-maintenance, high-potential investment asset.
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Key Features:
Prime Upper East Side Location:
- Situated between 1st and 2nd Avenues, near Carl Schurz Park, Asphalt Green, and the East River Esplanade
- Minutes from 92nd Street Y, top-rated schools, and new development activity in the neighborhood
- A short walk to the Q train at 96th Street and 4/5/6 at 86th Street
Strong Multifamily Fundamentals:
- 10 generously sized market-rate units averaging 731 SF – ideal for 1BR and 2BR layouts
- No rent regulation, offering full flexibility for lease terms and pricing
- Solid brick construction, well-maintained common areas, and efficient operating expenses
Investment Highlights:
- $8.5M acquisition price with per-unit pricing at $850,000
- 8,600 SF across 5 floors, allowing for scale without complexity
- Perfect for long-term hold, 1031 exchange, or portfolio diversification
Highlights:
✔ Fully market-rate with no rent regulation
✔ Located in a high-demand residential corridor of the Upper East Side
✔ Excellent proximity to schools, transit, parks, and medical facilities
✔ Attractive per-unit pricing and scale for private or institutional investors
✔ Potential upside through unit renovations or repositioning
Conclusion:
309 E 92nd Street is a standout offering for investors seeking a well-located, stable-income multifamily asset in one of Manhattan’s most desirable neighborhoods. With all units at market rent, room for value enhancement, and consistent tenant demand, this property is ideal for buyers looking to secure long-term returns in a prime urban location.
Contact us today for rent roll, financials, and to schedule a private tour.
