Multi-family

Presenting 234 E 88th Street, an exceptional investment opportunity available as part of a portfolio for $10,650,000. This mid-rise apartment building offers 20 units in a highly desirable urban location, perfect for investors looking to add a valuable asset to their portfolio.

Property Overview:

Address: 234 E 88th Street, New York, NY, 10128
Sale Price: $10,650,000 ($171,774/Unit)
Property Type: 2-Star Mid-Rise Apartments
Units: 20
Average Unit Size: 363 SF
Stories: 5
Class: C
Gross Building Area: 8,555 SF
Typical Floor Size: 1,707 SF
Location: Urban

Key Features:

Prime Urban Location: Situated on the Upper East Side, this property offers access to a wealth of amenities including restaurants, schools, parks, and public transportation, all within walking distance. This vibrant neighborhood ensures strong tenant demand.

Competitive Investment Pricing: Offered at $10,650,000, or $171,774 per unit, this property is attractively priced for investors seeking income-generating assets in one of Manhattan’s most sought-after neighborhoods.

Efficient Layout and Design: The building’s total gross area of 8,555 square feet is spread across 5 stories, with typical floors measuring 1,707 square feet. Each of the 20 units averages 363 square feet, providing an efficient layout for maximizing rental income.

Strong Market Demand: As a market-rate property, this building offers the opportunity to capture rental income aligned with competitive city rates, catering to a wide range of potential tenants in a high-demand location.

High Unit Density: With 348 units per acre, this property stands out in terms of its high-density design, making it a valuable asset in a fast-growing urban market.

Conclusion:

234 E 88th Street is an outstanding investment opportunity in the thriving Upper East Side. Its attractive price point, efficient unit layout, and desirable location make it an ideal addition to any real estate portfolio. Whether you’re expanding your holdings or seeking to enter the New York City market, this property offers strong income potential and long-term growth prospects.

Contact us today for more information on this prime investment opportunity in one of New York City’s most vibrant neighborhoods!