Key Features:
Prime Upper East Side Location: Situated on East 78th Street, this property is located in one of Manhattan’s most prestigious and affluent neighborhoods, the Upper East Side. Residents enjoy access to world-class dining, high-end shopping, Central Park, renowned cultural institutions, and excellent schools, making it a highly sought-after area for tenants.
Spacious Units: The property features 8 units, with a typical floor size of 2,420 square feet, providing ample living space for tenants. The large apartments cater to high-end renters seeking comfort and luxury in one of New York City’s top locations.
High-Quality Investment: With its Class B rating and prime urban location, this building offers strong potential for long-term returns. The Upper East Side is a stable and desirable area for renters, ensuring high demand for apartments.
Efficient Layout: The building’s total gross building area of 12,100 square feet is efficiently distributed across 5 stories. The spacious floor plans make for easy management, while also maximizing the potential for tenant satisfaction and retention.
Attractive Rent Potential: With market-rate units, this property is well-positioned to generate consistent rental income in one of the most prestigious residential neighborhoods in Manhattan. The demand for rental properties in the Upper East Side remains strong, ensuring stable occupancy rates and reliable returns for investors.
Conclusion:
49 E 78th Street presents a unique investment opportunity with its 8 market-rate units, offering spacious apartments in a prime Upper East Side location. With strong rental income potential and a desirable neighborhood, this property is an ideal choice for investors seeking a high-quality asset in one of New York City’s most prestigious areas. Don’t miss out on the opportunity to acquire this exceptional property.
