Multi-family

• Price: $6,500,000
• Units: 5
• Total GBA: 7,400 sq. ft.
• Stories: 5
• Class: B

Key Features:

High-Value Investment Opportunity
With only five units, this building offers exclusivity and strong potential for rental income in a prime market segment. The per-unit price of $1,300,000 reflects its premium urban location, ideal for investors looking to secure a prestigious property with a history of demand in the area.

Functional Low-Rise Design
The building’s gross building area is 7,400 sq. ft., with each typical floor covering 1,044 sq. ft., creating spacious and desirable living arrangements for tenants. This layout provides flexibility for upscale tenant improvements or customized renovations to add further value.

Prime Urban Location
Positioned in a highly sought-after neighborhood, 321 E 84th Street benefits from the Upper East Side’s appeal, including proximity to renowned schools, cultural centers, dining, and shopping options. The area attracts diverse residents, including professionals and families, ensuring consistent rental demand.

Market Segment and Rent Type
Operating within an all market segment and adhering to market rent types, the property offers flexibility in rental structuring, maximizing potential revenue. Its urban location further enhances its attractiveness to prospective tenants, making it a versatile investment.

Conclusion:

321 E 84th Street represents a high-quality investment in a well-established neighborhood with proven rental demand. With its competitive price point, spacious units, and prime location, this property is an attractive option for investors seeking a stable income property in Manhattan’s Upper East Side. Secure a valuable asset with long-term potential today!