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329-339 E 94th St
New York, NY 10128
Multifamily Property For Sale
·
109 Units
Investment Highlights
- Portfolio for sale , air rights for developer , transferable mortgage, 65 units are two bedrooms, some units have River views,
- Prime location; half block from subway with 109 units
Executive Summary
East 94th Street Portfolio | Yorkville Multifamily OpportunityThe East 94th Street Portfolio features three contiguous multifamily buildings located at 329, 335, and 339 East 94th Street in Yorkville. Spanning 109 residential units, this legacy asset offers massive scale in one of Manhattan’s most sought-after neighborhoods.Investment HighlightsValuable Air Rights: Includes significant unused air rights, making the asset perfect for a developer looking to maximize the site’s footprint.Strong Unit Mix: Composed of studios, one-bedrooms, and mostly two-bedroom apartments.Immediate Value-Add: Major upside can be realized right away through unit upgrades, small renovations. Commercial Potential: Capitalize on additional revenue streams by converting two of the front ground-floor spaces into commercial units.Prime Location: Situated on an attractive mid-block parcel just half a block from the 94th Street & 2nd Avenue subway entrance (serving the Q line)
Property Facts
| Price Per Unit | $412,844 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 7.35% | Building Size | 78,000 SF |
| No. Units | 109 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Mid-Rise | ||
| Zoning | C8-4 - A sub district of C8 Zoning in NYC. C8 is a general service zoning district with having retail, department automotive showrooms, car washes, & etc. | ||
| Price Per Unit | $412,844 |
| Sale Type | Investment |
| Cap Rate | 7.35% |
| No. Units | 109 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.36 AC |
| Building Size | 78,000 SF |
| Average Occupancy | 95% |
| No. Stories | 6 |
| Year Built | 1920 |
| Zoning | C8-4 - A sub district of C8 Zoning in NYC. C8 is a general service zoning district with having retail, department automotive showrooms, car washes, & etc. |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Recycling
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | 310 |
| 1+1 | 40 | - | 464 |
| 2+1 | 65 | - | 619 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,321,170 | |
| Land Assessment | $1,476,000 | Total Assessment | $5,797,170 |
Property Taxes
Parcel Numbers
Land Assessment
$1,476,000
Improvements Assessment
$4,321,170
Total Assessment
$5,797,170
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