Multi-family

Introducing 242 E 75th Street, New York, NY 10021

Available for purchase is 242 E 75th Street, an investment opportunity featuring 20 mid-rise apartments in a prime urban setting. Priced at $7,650,000 ($382,500 per unit), this property presents a remarkable chance for investors seeking to capitalize on a well-located asset in one of Manhattan’s desirable neighborhoods.

242 E 75th Street, New York, NY 10021

• Asking Price: $7,650,000
• Units: 20
• Average Unit Size: 620 sq. ft.
• Total GBA: 7,895 sq. ft.
• Stories: 4
• Class: B

Key Features:

Investment-Grade Property
With a total of 20 units, this mid-rise apartment building provides an attractive investment opportunity in a competitive market segment. The average unit size of 620 sq. ft. caters to a diverse range of tenants, making it suitable for various demographics.

Prime Urban Location
Situated in a sought-after urban area, 242 E 75th Street offers residents easy access to a variety of local amenities, including restaurants, shops, and cultural venues. This location enhances the appeal of the property to potential tenants and contributes to steady rental demand.

Solid Building Specifications
The property comprises one building with a total gross building area of 7,895 sq. ft. The typical floor plan spans 1,973 sq. ft., allowing for an efficient layout that optimizes the use of space across all floors. With a Class B designation, the building meets solid structural and aesthetic standards.

Market Segment and Rent Type
This property is positioned within the all market segment and operates on a market rent type, making it a versatile addition to any investment portfolio. The potential for attractive returns is enhanced by the growing demand for quality rental housing in the area.

Conclusion:

242 E 75th Street represents a valuable investment opportunity in New York City’s dynamic real estate market. With its strategic urban location, solid building specifications, and potential for stable rental income, this property is poised to attract discerning investors looking to expand their portfolios. Don’t miss your chance to explore this exceptional investment opportunity!