Presenting 236 E 88th Street, a premium investment opportunity available as part of a portfolio for $10,650,000. This mid-rise apartment building, with 42 units, offers a high potential for rental income in a prime Upper East Side location.
Key Features:
Prime Location in the Upper East Side: This property is centrally located in one of Manhattan’s most desirable residential neighborhoods, offering close proximity to Central Park, public transit, schools, and a variety of retail and dining options.
Investment Pricing: At $10,650,000 ($171,774 per unit), this building offers a competitively priced investment opportunity, ideal for those looking to expand their real estate portfolio with a well-positioned asset in New York City.
Spacious Unit Layouts: With an average unit size of 757 square feet, the building offers comfortable living spaces. The total gross building area is 8,555 square feet, with typical floors measuring 1,711 square feet, making it a well-designed and efficient building for tenants.
Strong Market Demand: As a market-rate property, 236 E 88th Street offers the opportunity to capture rental income in line with competitive Manhattan market rates. The building’s 42 units cater to a broad range of potential tenants in a high-demand area.
High-Density Design: With 727 units per acre, this property boasts a high unit density, enhancing its potential to generate steady rental income and ensuring long-term value.
Conclusion:
236 E 88th Street offers an exceptional opportunity to invest in a thriving Upper East Side neighborhood. With its competitive pricing, spacious units, and prime location, this property is a valuable asset for any investor looking to capitalize on the high demand for rental properties in Manhattan.
Don’t miss this chance to secure a prime investment in one of New York City’s most sought-after locations. Contact us today for more details on this exceptional property!
