Multi-family

Presenting 340 E 81st Street, a 4-story mid-rise apartment building available for sale at $8,500,000 ($531,250 per unit). This 2-star investment property features 16 units and offers a solid opportunity for investors seeking a steady income stream in a prime Upper East Side location.

Property Overview:

• Address: 340 E 81st Street, New York, NY, 10028
• Sale Price: $8,500,000 ($531,250/Unit)
• Units: 16
• Stories: 4
• Class: C
• Gross Building Area (GBA): 8,350 SF
• Typical Floor Size: 1,278 SF
• # of Buildings: 1
• Units per Acre: 285/AC
• Rent Type: Market
• Location: Urban

Key Features:

• Prime Upper East Side Location: Nestled in one of Manhattan’s most desirable neighborhoods, this property offers unparalleled access to cultural institutions, parks, and dining options, ensuring its appeal to a broad tenant base.
• Efficient Unit Layouts: Featuring 16 units with a total gross building area of 8,350 square feet, the property balances compact design with functionality, making it ideal for urban living.
• Market-Rate Rentals: The building’s market-rate units provide consistent rental income, with the potential for rent increases aligned with the neighborhood’s high demand and appreciation trends.
• Investment Potential: With its affordable per-unit pricing and strategic location, the property is positioned for both immediate income generation and long-term capital growth.
• Urban Setting: Located in a vibrant residential area, the property combines the tranquility of Upper East Side living with the convenience of nearby public transportation and city amenities.

Conclusion:

340 E 81st Street is a fantastic investment opportunity for those looking to acquire a well-positioned asset in the highly sought-after Upper East Side. Its market-rate rentals and prime location make it an excellent choice for stable returns and portfolio diversification. Don’t miss the chance to own this promising property!