Prime Multi-Family Investment Opportunity on the Upper East Side
Address: 61 E 75th Street, New York, NY, 10021
Price: $6,000,000 ($666,667/Unit)
Sale Type: Investment
Type: 3-Star Mid-Rise Apartment Building
Property Overview:
Located in the prestigious Upper East Side, 61 E 75th Street presents a rare multi-family investment opportunity in a well-maintained, mid-rise residential building. With 9 rental units across 5 stories, this Class C property offers stable income potential, strong rental demand, and long-term appreciation in one of Manhattan’s most desirable neighborhoods.
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Key Features:
Prime Upper East Side Location:
- Situated between Park Avenue and Madison Avenue, a highly sought-after residential area just steps from Central Park.
- Surrounded by luxury boutiques, fine dining, and cultural institutions such as The Met and The Frick Collection.
- Close to elite private schools, corporate offices, and high-end residences, ensuring a strong demand for high-quality rentals.
Investment Potential & Market Appeal:
- 9 residential units, offering a mix of spacious, well-maintained apartments.
- Gross Building Area (GBA) of 5,660 SF, with a typical floor plate of 1,132 SF, ensuring comfortable and efficient layouts.
- Market-rate rental structure, allowing for strong appreciation potential and investment flexibility.
- Ideal for long-term investors seeking a stable asset in an affluent, high-demand rental market.
Building Features & Amenities:
- Five-story structure with classic pre-war charm, providing historic appeal with modern updates.
- One-building property with a density of 225 units per acre, optimizing occupancy and rental potential.
- Professional property management and well-maintained common areas, ensuring a high-end tenant experience.
Excellent Transit Access:
- Steps from major subway lines (Q, 4, 5, 6), ensuring seamless connectivity across NYC.
- Close to major bus routes and FDR Drive, providing easy commuting options for tenants.
Highlights:
✔ $6,000,000 multi-family investment in the Upper East Side
✔ 9-unit, five-story mid-rise apartment building with market-rate rentals
✔ Stable rental income and long-term appreciation potential
✔ Prime location near Central Park, top-tier schools, and luxury shopping
✔ Convenient transit access, steps from subway lines and business hubs
Conclusion:
61 E 75th Street presents a rare opportunity for investors looking to acquire a high-value multi-family asset in one of Manhattan’s most prestigious neighborhoods. With strong rental demand, an unbeatable location, and excellent long-term growth potential, this property is ideal for investors seeking a stable, income-generating asset in NYC’s competitive real estate market.
Contact us today to schedule a private tour and explore this exclusive investment opportunity!
