Solid income producing property with upside.
5 Story Walk Up building - Built in 1915 + Ground floor located on a quiet tree-lined street on East 90th Street (between First and Second Avenues) in the Upper East Side, one of Manhattan's most mature and stable rental markets.
The property, which seats on a 25 x 100 foot lot is currently configured as:
LOT: 25 X 100.67 FT (BLOCKL 01553-0014)
Above grade: 8605 Sqft
Ground Floor: 1313 Sqft
Available Air Rights: 1460 Sqft
Rear yard: 750 Sqft
The property features 12 Residential Units - 92% of Units are Free Market (one unit is RS):
- 2 Studios
- 2 x duplex 2 Bedroom with private access to the rear yard
- 8 x 2 Bedrooms
Ability to Duplex Up Top Floor Apartments
Ground Floor Unit with Garden Access is Significantly Below Market
The 2 duplex units could be converted in 4 studios (Projected: 14 Units)
The roof of the building was completely remade in 2017 and it is guaranteed for 10 years by the construction company. A NEW boiler has just been installed and it is insured.
323 East 90th Street presents an investor the chance to acquire a strategically located and well- maintained multifamily building with significant in-place cash flow and remaining upside thanks to the strong post-Covid rental rebound and the possibility of further value-add development options.(Projected Rent Roll: $465,000)
The property is conveniently located in close proximity of 2nd Avenue - Q Line 86th Street and 4/5/6 subways stations on Lexington Ave. Within distance to Carl Schurz, Ruppert, Whole Food and Central Park.
The Super leaves off site.
View More

Building Features 5 Floors12 Units


Unit Features

Pet Policy: BuildingNo,Yes

$7,695,000 / $784 per ft²

Last Asking: Feb 01, 2023

10 Beds / 10.0 Baths / 9,813 ft²

Total Monthly expenses: $10,029

Maintenance: - / R.E. Taxes $10,029

Other Details:


Lot Size: 25.0' x 100.67' Built: 25.0' x 70.0'

Zoning: -

Exclusively listed with: Domus Realty


(917) 250-3030


(917) 751-4077

Listing Courtesy of Domus Realty

Unit listing history

Date Status Amount Listed by Owner Name
Loading History...

What is this
property worth?

Work with an Urbandigs Professional
to help you price this property

Free Professional
pricing report for unit BUILDING

Request Report Now