62 E 131st St - Apartments FOR SALE


New York, NY 10037
$2,900,000 USD
646-424-5317
62 E 131st St, New York, NY for Sale
$2,900,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

62 E 131st St
New York, NY 10037


HIGHLIGHTS

  • Fully renovated in 2013
  • 5 spacious free market apartments consisting of 6,013± total SF
  • These 900± SF spacious 1BR units (with individual elevator access) may be converted into 2BR units, creating additional value for future ownership
  • The property is newly gut renovated and will be delivered vacant
  • A new elevator was installed, which provides keyed access to each individual units for each floor

OVERVIEW

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 62 East 131st Street, New York, NY 10037 (the “Property”) located on the south side of East 131st Street between Park and Madison Avenues in the East Harlem neighborhood of Manhattan. Built circa 1926 and fully renovated in 2013, this 6-story elevatored multifamily brownstone building contains 5 spacious free market apartments consisting of 6,013± total SF. These 900± SF spacious 1BR units (with individual elevator access) may be converted into 2BR units, creating additional value for future ownership. The property is newly gut renovated and will be delivered vacant. A new elevator was installed, which provides keyed access to each individual units for each floor. It is ideally suited for a user/investor who may occupy 1-2 units and generate income from the others. It could also be a single-family conversion or be sold individually as a condo or co-op. The property benefits from having protected tax class 2A and subsequently low taxes. Full Certificate of Occupancy expected by year-end.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$482 USD /SF

# OF UNITS

5

PRICE/UNIT

$580,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R7-B, New York (C9)

APN/PARCEL ID

1755-0044

ASK ABOUT THIS PROPERTY

Ronald CohenBesen PartnersMore Info
646-424-5317

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Ronald CohenBesen PartnersMore Info
646-424-5317

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