340 E 81st St - Apartments FOR SALE


New York, NY 10028- Yorkville
$8,500,000 USD
212-230-5998
340 E 81st St, New York, NY for Sale
$8,500,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

340 E 81st St
New York, NY 10028
Yorkville


HIGHLIGHTS

  • 81% Free Market
  • Meticulously Gut Renovated
  • Prime Upper East Side Location
  • Strong In-Place Cash Flow

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale 340 East 81st Street (the “Property”), a five-story walk-up building featuring 25 feet of frontage on the south side of East 81st Street between 2nd Avenue and 1st Avenue in the heart of Manhattan’s Upper East Side. The Property spans 8,350± square feet across sixteen (16) residential units. Of the residential units, thirteen(13) are free market and three(3) are rent stabilized. Ownership has implemented an immaculate renovation plan across all the free market units and common areas featuring plank hardwood flooring, exposed brick, brand new kitchens with custom cabinetry, recessed lighting,Carrara marble countertops, stainless steel appliances, luxury bathrooms with intricate mosaic tilework, splitsystem HVAC units, and in-unit Bosch Washers and Dryers. Additionally, the property features two sprawling duplexes, one featuring a five-bedroom, four-bathroom layout and another featuring a three bedroom, threebathroom layout both boasting expansive private roof decks. Furthermore, one of the one-bedroom, onebathroom units on the ground floor features a massive private backyard.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$1,018 USD /SF

# OF UNITS

16

PRICE/UNIT

$531,250

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

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,448 SF

ZONING

R8B

APN/PARCEL ID

1543-0037

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

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