Cushman & Wakefield has been exclusively retained to arrange for the sale of 529 East 85th Street – a six-story elevator building located in the Upper East Side neighborhood of Manhattan. The subject property is located on the north side of East 85th Street between York and East End Avenue. Spread across approximately 38,700 gross square feet above grade, the building is currently configured as 30 total residential units of which 23 are two-bedroom units, 5 are three bedroom units, 1 is a studio unit and 1 is a potential four-bedroom unit. Of the 30 units, 15 are Free Market, 14 are Rent Stabilized, and 1 is Rent Controlled. Family owned for over 70 years, the property is an excellent opportunity for a purchaser to acquire a 75’ wide pre-war elevator building at an attractive basis in the coveted Upper East Side neighborhood. There is tremendous upside in the in-place market apartments that can be realized by implementing a capital program for the building as well as enhanced renovations in the units themselves and/or creating more bedrooms in the large and spacious units. The current large unit layouts lend themselves nicely to a varied tenant pool whether it be young professionals living with roommates or families seeking a more charming and convenient location to call home. The property has recently undergone a plethora of capital improvements, which includes but is not limited to a façade renovation that was completed in the late Summer of 2024, an elevator modification that was completed in 2023, and all apartment and building windows being replaced between 2018-2023 (a list of all capital improvements done can be provided upon request). There is an abundance of underutilized space throughout the property including areas in the basement that can be transformed into additional storage, laundry, bike rooms, gym, etc. to further generate additional cash flow. There is also outdoor space that can be repurposed in the rear yard as well as the additional courtyards. Currently the building has a virtual doorman system and built in security cameras, each apartment is wired for Verizon Fios and Spectrum, and there is an Amazon Locker for package delivery and retrieval conveniently located in the lobby of the building. 529 East 85th Street is situated just steps away from the beautiful Carl Schurz Park and within just a few blocks of multiple transportation options. The Q train on 2nd Avenue, the 4,5 and 6 subway lines at 86th Street and Lexington Avenue, an entrance to the FDR.