120 E 37th St - Apartments FOR SALE


New York, NY 10016- Murray Hill
$7,350,000 USD
212-729-6279
120 E 37th St, New York, NY for Sale
$7,350,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

120 E 37th St
New York, NY 10016
Murray Hill


HIGHLIGHTS

  • 100% Free Market Building
  • Completely Redeveloped in 2024
  • Option to buy as bulk condo package and sell off each unit as individual condo
  • Ideally Located on a Brownstone and Single-Family Townhouse Block
  • Walking Distance to Major Employers and Grand Central Station (4/5/6/7/S/Metro-North/LIRR)

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale 120 East 37th Street (the “Property”), a five-story multifamily brownstone ideally situated on the south side of tree-lined East 37th Street, between Lexington Avenue and Park Avenue—an area synonymous with single-family townhouses. The newly redeveloped, 100% free-market Property comprises seven (7) residential units across 6,803± square feet. This beautiful and historic brownstone has been meticulously redeveloped with style in mind, with no detail spared. Starting with the exterior, the façade has been fully restored, and ownership has created a private backyard for the first-floor unit, as well as a massive private roof deck for the fifth-floor unit, offering stunning views of both the Empire State Building and the Chrysler Building. Each unit features new oak flooring, custom Italian-made cabinetry, Carrara marble-inspired bathrooms, recessed lighting, open-concept kitchens, stainless steel appliances, in-unit washer and dryer, and split-system HVAC. The Property is being offered either as a traditional multifamily rental building or a bulk-condo package. Ownership has filed condo plans and can deliver the building with each unit designated as an individual condo in a market where sales prices average—and often exceed—$1,600 per square foot, providing investors with a strong spread between acquisition price and condo exit value.

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$1,080 USD /SF

# OF UNITS

7

PRICE/UNIT

$1,050,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1892

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,973 SF

ZONING

R8B

APN/PARCEL ID

0892-0073

ASK ABOUT THIS PROPERTY

Kyle SabathAvison YoungMore Info
212-729-6279

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Kyle SabathAvison YoungMore Info
212-729-6279

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.