Multi-family

Presenting 228 E 84th Street, a rare investment opportunity in the heart of New York City, available for sale at $8,350,000. This mid-rise apartment building offers excellent potential for investors looking to secure a valuable property in an urban setting.

Property Overview:

Address: 228 E 84th Street, New York, NY, 10028
Sale Price: $8,350,000 ($1,043,750/Unit)
Property Type: 2-Star Mid-Rise Apartments
Units: 8
Stories: 4
Class: C
Gross Building Area: 7,740 SF
Typical Floor Size: 1,935 SF
Location: Urban

Key Features:

Strategic Urban Location: Situated on the Upper East Side, this property offers easy access to public transportation, restaurants, schools, and cultural landmarks. The location ensures strong tenant demand in a sought-after neighborhood.

Solid Investment Potential: With eight residential units across four stories, this property provides steady income opportunities. The competitive price per unit further enhances its appeal as a lucrative investment.

Optimized Building Layout: The mid-rise structure features a gross building area of 7,740 square feet, with a typical floor size of 1,935 square feet, allowing for practical and flexible layouts across the units.

High-Density Area: With a unit density of 100 units per acre, the property is well-positioned in a thriving residential market segment, making it a prime choice for both seasoned and first-time investors.

Market-Driven Rent Structure: This property follows market rent pricing, offering strong income potential in line with the competitive rental rates of the Upper East Side.

Conclusion:

228 E 84th Street represents a compelling investment in an established urban market. Its central location, functional design, and promising income potential make it a valuable addition to any real estate portfolio. Whether you’re expanding your holdings or entering the investment market, this property is a standout choice in New York City’s competitive landscape.

Don’t miss this opportunity to own a piece of the Upper East Side’s thriving real estate market. Contact us today for more information!