Multi-family

Prime Investment Opportunity in Yorkville

Address: 322 E 93rd Street, New York, NY, 10128
Price: $11,500,000 ($605,263/Unit)
Cap Rate: 6.89%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Apartment Building
Location: Urban
Number of Units: 19
Stories: 5
Class: C
Gross Building Area (GBA): 8,390 SF
Typical Floor Size: 1,678 SF
Number of Buildings: 1
Units per Acre: 317/AC
Market Segment: All
Rent Type: Market

Property Overview:

Located in the rapidly growing Yorkville neighborhood of the Upper East Side, 322 E 93rd Street offers a lucrative investment opportunity with a strong cap rate of 6.89%. This 19-unit mid-rise apartment building provides steady rental income potential in one of Manhattan’s most in-demand residential markets.

Key Features:

Prime Yorkville Location:

• Situated on East 93rd Street, a quiet, tree-lined block in an emerging residential hotspot.
• Proximity to 2nd Avenue and the Q subway line ensures strong tenant demand.
• Surrounded by a mix of historic charm and modern development, offering long-term appreciation potential.

Strong Investment Potential:

• 6.89% cap rate provides an attractive return on investment.
• 19 residential units with market-rate rents and potential for future rental growth.
• Ideal for long-term investors seeking stable cash flow in a high-demand rental market.

Well-Designed Mid-Rise Building:

• 8,390 SF of total building space with an efficient 1,678 SF typical floor layout.
• Five-story building with well-maintained common areas and strong occupancy rates.
• Class C designation with value-add potential for future upgrades.

Excellent Transit & Accessibility:

• Steps from the Q subway line, providing quick access to Midtown and Downtown Manhattan.
• Close to major bus routes and the FDR Drive for easy commuting.
• Walking distance to Central Park, Carl Schurz Park, and the East River Esplanade.

Highlights:

✔ $11,500,000 investment opportunity with a 6.89% cap rate
✔ 19-unit mid-rise apartment building in high-growth Yorkville neighborhood
✔ Market-rate rent potential with long-term appreciation upside
✔ Convenient access to the Q subway line, major bus routes, and retail corridors
✔ Strong investment fundamentals in a growing Upper East Side residential district

Conclusion:

322 E 93rd Street presents an exceptional opportunity for investors looking to acquire a stable, income-generating multifamily property in Manhattan. With a solid cap rate, prime location, and market-rate rent potential, this mid-rise apartment building is ideal for those seeking strong returns and long-term appreciation in the Upper East Side.

Contact us today for more details or to schedule a private tour!