Multi-family

Presenting 244 E 78th Street, a 4-story mid-rise apartment building available for sale at $11,950,000 ($569,048 per unit). This investment property offers 21 spacious units, making it a prime opportunity for investors looking to acquire a well-located asset in Manhattan’s desirable Upper East Side.

Property Overview:

• Address: 244 E 78th Street, New York, NY, 10075
• Sale Price: $11,950,000 ($569,048/Unit)
• Units: 21
• Avg Unit Size: 890 SF
• Stories: 4
• Class: C
• Gross Building Area (GBA): 11,570 SF
• Typical Floor Size: 2,893 SF
• # of Buildings: 1
• Units per Acre: 233/AC
• Rent Type: Market
• Location: Urban

Key Features:

• Prime Upper East Side Location: Situated in one of Manhattan’s most established neighborhoods, this property benefits from proximity to fine dining, retail destinations, and public transportation, ensuring strong tenant demand.
• Generous Unit Sizes: Each unit averages 890 square feet, offering comfortable living spaces attractive to a wide range of renters.
• Steady Rental Income: All units are market-rate, providing consistent income potential in an area with high rental demand.
• Efficient Layout: The building features a total gross building area of 11,570 square feet, with typical floor sizes of 2,893 square feet, making it manageable while still providing significant investment potential.
• Urban Appeal: Located in a vibrant urban setting, the property attracts tenants looking for easy access to work, leisure, and cultural amenities.

Conclusion:

244 E 78th Street represents an exceptional investment opportunity in a prestigious Manhattan neighborhood. With its spacious units, strong market-rate rental potential, and prime location, this property is ideal for investors seeking long-term value and steady returns. Don’t miss the chance to add this standout asset to your portfolio!