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322 E 90th St 16 Unit Apartment Building $7,700,000 ($481,250/Unit) New York, NY 10128
Executive Summary
JLL has been retained on an exclusive basis to arrange for
the sale of 322 East 90th Street, a 25’ wide, 5-story walkup apartment building located on the south side of East
90th Street between 1st and 2nd Avenues. Comprised of
approximately 9,005 gross square feet above grade, the
property is configured as 16 total apartments. The welllocated property is only a 5-minute walk from the 86th
Street subway station and a 10-minute walk from the
86th Street subway station, both of which offer
quick and convenient access throughout Midtown and
Downtown Manhattan.
Of the 16 residential units 10 are Free Market (63%) and
6 are Rent Stabilized. The units are currently configured
as two studios, three 1-bedrooms, nine 2-bedrooms and
two 3-bedroom apartment. The ground floor contains 4
total apartments and Floors 2-5 contain 3 apartments
each. The property’s Free Market units have all been
recently renovated and feature both high-end finishes
and in-unit washer/dryers.
Due to its mostly Free Market status, high quality
renovations and proximity to the trains,
the property is set to capitalize on surging rental
growth. The property also features high-end technology
upgrades including Latch locking systems and a
Butterfly virtual doorman.
Nestled between both Carl Shurz Park to the east and
Central Park to the west, 322 East 90th offers exceptional
access to green space. The smaller Ruppert Park is
also located just steps away across 2nd Avenue. Given
the property’s access to outdoor spaces and superior
condition relative to comparable product in the
submarket, 322 East 90th Street represents an attractive
living option for the neighborhood’s target rental
demographic of young professionals. Additionally, the
building is ideally situated just a short distance from the
world-class retail corridors of 3rd, Lexington, Park and
Madison Avenues.
322 East 90th Street will appeal to investors looking for
an easy to maintain, mostly Free Market building with
both short and long-term rental upside. The property
represents an opportunity to own a recently renovated
asset with access to outdoor space that is well serviced
by public transportation. The property will be sold on
an as-is where-is basis.
the sale of 322 East 90th Street, a 25’ wide, 5-story walkup apartment building located on the south side of East
90th Street between 1st and 2nd Avenues. Comprised of
approximately 9,005 gross square feet above grade, the
property is configured as 16 total apartments. The welllocated property is only a 5-minute walk from the 86th
Street subway station and a 10-minute walk from the
86th Street subway station, both of which offer
quick and convenient access throughout Midtown and
Downtown Manhattan.
Of the 16 residential units 10 are Free Market (63%) and
6 are Rent Stabilized. The units are currently configured
as two studios, three 1-bedrooms, nine 2-bedrooms and
two 3-bedroom apartment. The ground floor contains 4
total apartments and Floors 2-5 contain 3 apartments
each. The property’s Free Market units have all been
recently renovated and feature both high-end finishes
and in-unit washer/dryers.
Due to its mostly Free Market status, high quality
renovations and proximity to the trains,
the property is set to capitalize on surging rental
growth. The property also features high-end technology
upgrades including Latch locking systems and a
Butterfly virtual doorman.
Nestled between both Carl Shurz Park to the east and
Central Park to the west, 322 East 90th offers exceptional
access to green space. The smaller Ruppert Park is
also located just steps away across 2nd Avenue. Given
the property’s access to outdoor spaces and superior
condition relative to comparable product in the
submarket, 322 East 90th Street represents an attractive
living option for the neighborhood’s target rental
demographic of young professionals. Additionally, the
building is ideally situated just a short distance from the
world-class retail corridors of 3rd, Lexington, Park and
Madison Avenues.
322 East 90th Street will appeal to investors looking for
an easy to maintain, mostly Free Market building with
both short and long-term rental upside. The property
represents an opportunity to own a recently renovated
asset with access to outdoor space that is well serviced
by public transportation. The property will be sold on
an as-is where-is basis.
Property Facts
| Price | $7,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $481,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 16 | Building Size | 9,005 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | R8B - High Density Residential district | ||
| Price | $7,700,000 |
| Price Per Unit | $481,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,005 SF |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | R8B - High Density Residential district |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 478 |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 1552-0038 | Improvements Assessment | $825,470 |
| Land Assessment | $180,000 | Total Assessment | $1,005,470 |
Property Taxes
Parcel Number
1552-0038
Land Assessment
$180,000
Improvements Assessment
$825,470
Total Assessment
$1,005,470
Contacts
-
Guthrie Garvin -
Jonathan Hageman -
Conrad Martin -
Jacob Russell -
Logan Boenning -
JLL
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322 E 90th St
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