Prime Central Park Location. 61 East 75th Street is a rare gem nestled between Madison Avenue and Park Avenue. This prime location is just a short walk from Central Park and is surrounded by an array of eateries, charming cafes, and luxury stores. High End Luxury Finishes. The asset’s free market apartments are entirely gut renovated with hardwood floors throughout, granite countertops, ample cabinet & closet storage, stainless steel appliances (including microwave & dishwasher), radiant heated bathroom floors and independent tenant controlled HVAC system. Each unit additionally has ductless heating & cooling systems, new risers and electric. Major Capital Improvements. The current ownership has implemented significant building-wide upgrades, including new framing throughout, a brand-new roof, updated hallways, and restructured stairways. Protected Tax Class 2B. With 9 apartments, 6 East 75th Street remains tax class protected. Increases are limited to 8% per year, no more than 30% over 5 years. Private Balcony Access. 5 out of the 9 apartments offer large, private balcony access with abundant natural light. 77% Free Market. With 7 of the apartments designated as free market, the average rent in 61 East 75th Street is $4,300, allowing the asset to cash flow with lean expenses.