Multi-family
- $5,750,000
- $5,750,000
Description
Turnkey Murray Hill Multifamily Portfolio – 206–208 East 35th Street
Asking Price: $5,750,000
Price/Unit: $718,750
Cap Rate: Contact for Financials
Asset Type: 2-Star Low-Rise Multifamily
Total Units: 8 Residential Units
Buildings: 2 Adjacent Properties
Gross Building Area (GBA): 4,872 SF
Avg Unit Size: 550 SF
Stories: 3
Class: C
Rent Type: Market/Affordable (1 Rent-Stabilized Unit)
Location: Murray Hill – Between 2nd & 3rd Avenues
Zoning: Verify Separately
Property Overview:
206–208 East 35th Street is a rare side-by-side multifamily offering in the heart of Murray Hill. Comprising two 3-story walk-up buildings totaling 8 units and approximately 4,872 square feet, this asset presents a compelling investment for both long-term holders and value-add buyers. With 7 market-rate units and only 1 rent-stabilized unit, the property offers solid in-place income with future upside potential through renovations and re-leasing.
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