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308 E 78th St
New York, NY 10075
Multifamily Property For Sale
·
37 Units
INVESTMENT HIGHLIGHTS
- Fully Renovated Free Market Units
- Stable Retail Tenancy with Rare Venting
- Prime Upper East Side Location
- Strong In-Place Cash Flow with Upside
- Boutique Mixed-Use Asset with Scale
EXECUTIVE SUMMARY
Avison Young, as the exclusive agent, is pleased to present the rare opportunity to acquire 308 East 78th Street (the “Property”), a meticulously renovated six-story mixed-use building with 49 feet of frontage located on the south side of East 78th Street between 1st and 2nd Avenues, in the heart of Manhattan’s highly desirable Upper East Side.
The Property spans approximately ±23,770 square feet and consists of thirty-nine (39) total units, including thirty-seven (37) residential apartments and two (2) retail spaces. Of the residential units, twenty-eight (28) are free-market (FM) and nine (9) are rent-stabilized (RS), with layouts featuring one- and two-bedroom configurations.
The Property spans approximately ±23,770 square feet and consists of thirty-nine (39) total units, including thirty-seven (37) residential apartments and two (2) retail spaces. Of the residential units, twenty-eight (28) are free-market (FM) and nine (9) are rent-stabilized (RS), with layouts featuring one- and two-bedroom configurations.
PROPERTY FACTS
| Price Per Unit | $639,189 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 37 | Building Size | 23,770 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Mid-Rise | ||
| Zoning | R8B - High density residential district | ||
| Price Per Unit | $639,189 |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 23,770 SF |
| No. Stories | 6 |
| Year Built | 1910 |
| Zoning | R8B - High density residential district |
AMENITIES
UNIT AMENITIES
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 25 | - | 600 |
| 2+1 | 14 | - | 500 - 741 |
PROPERTY TAXES
| Parcel Number | 1452-0047 | Improvements Assessment | $2,314,170 |
| Land Assessment | $544,500 | Total Assessment | $2,858,670 |
PROPERTY TAXES
Parcel Number
1452-0047
Land Assessment
$544,500
Improvements Assessment
$2,314,170
Total Assessment
$2,858,670
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