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309 E 69th & 316 E 83rd St 2 Multifamily Properties Offered at $13,500,000 in New York, NY
Investment Highlights
- Two Upper East Side multifamily walk-up buildings comprising a combined 38 residential units in a premier Manhattan location.
- Immediate and long-term upside through mark-to-market opportunities as leases roll and units turn.
- Excellent transit access with both properties within a short walk of the Q subway line, providing efficient connectivity throughout Manhattan.
- Strong deregulated unit exposure, with approximately 75% free-market at 316 East 83rd Street and 72% free-market at 309 East 69th Street.
- Recent capital improvements including boiler upgrades, renovated common areas, and enhanced rear-yard functionality.
- Opportunity to acquire critical mass in a low-vacancy, high-income neighborhood with enduring demand and proven rental growth.
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire 309 East 69th Street and 316 East 83rd Street, two well-located multifamily walk-up buildings situated in the heart of Manhattan’s Upper East Side. Both properties offer investors a compelling combination of strong in-place cash flow and meaningful upside through future rent growth, driven by a high concentration of deregulated apartments. The buildings are positioned on quiet residential blocks between major avenues, benefiting from close proximity to the Q subway line, which provides direct access to Midtown and Downtown Manhattan. Recent capital improvements, including boiler upgrades and interior renovations, enhance operational efficiency while limiting near-term capital expenditures. With historically low neighborhood vacancy and strong tenant demand, the portfolio presents a stable, inflation-protected income stream. Collectively, these properties represent a rare opportunity to acquire scale in one of New York City’s most established and resilient residential submarkets.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $13,500,000 | Number of Properties | 2 |
| Price / SF | $667.49 / SF | Individually For Sale | 0 |
| Cap Rate | 5.35% | Total Building Size | 20,225 SF |
| Sale Type | Investment | Total Land Area | 0.12 AC |
| Status | Active |
| Price | $13,500,000 |
| Price / SF | $667.49 / SF |
| Cap Rate | 5.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,225 SF |
| Total Land Area | 0.12 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 309 E 69th St, New York, NY 10021 | Multifamily | 11,000 SF | 1910 | - |
| 316 E 83rd St, New York, NY 10028 | Multifamily | 9,225 SF | 1920 | - |
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Bryan Hurley -
Michael DeCheser -
Hunter Moss -
Brett Weisblum -
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309 E 69th & 316 E 83rd St
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