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218-220 E 86th St
New York, NY 10028
Multifamily Property For Sale
·
42 Units
Investment Highlights
- Generates robust in-place cash flow from stabilized occupancy.
- Primary commercial tenants have leases in place until 2030.
- Nearly $2 million has been invested in property improvements over the past four years.
- Mixed-use profile generates exposure to premium rental rates.
- Benefits from prominent retail frontage in the heart of the Upper East Side.
- Located steps away from the subway station, providing convenient transit access.
Executive Summary
Meridian Investment Sales is pleased to offer the Upper East Side Portfolio for sale-three mixed-use (retail/multifamily) buildings at 220 East 86th St, 219 East 85th St, and 217 East 85th St, located in Manhattan's iconic 86th Street corridor.
Property Facts
| Price Per Unit | $535,714 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.82% | Lot Size | 0.22 AC |
| No. Units | 42 | Building Size | 38,590 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | R8B - R8B is a high-density Residential Zoning District in New York City. You can find R8B Zoning Districts in Manhattan, Brooklyn, and Queens. | ||
| Price Per Unit | $535,714 |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 38,590 SF |
| No. Stories | 5 |
| Year Built | 1925 |
| Zoning | R8B - R8B is a high-density Residential Zoning District in New York City. You can find R8B Zoning Districts in Manhattan, Brooklyn, and Queens. |
Amenities
Site Amenities
- Controlled Access
- Dry Cleaning Service
- Grill
- Laundry Service
- On-Site Retail
- Roof Terrace
- Cafe
- Awning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 42 | - | 2,800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,640,870 | |
| Land Assessment | $1,485,000 | Total Assessment | $7,125,870 |
Property Taxes
Parcel Numbers
Land Assessment
$1,485,000
Improvements Assessment
$5,640,870
Total Assessment
$7,125,870
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