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344 E 51st St 9 Unit Apartment Building $5,588,000 ($620,889/Unit) New York, NY 10022
Investment Highlights
- Protected Tax Class (2B)
- 100% Occupancy
- Well Maintained
Executive Summary
344 East 51st Street | Turtle Bay, Manhattan
344 East 51st Street presents a rare opportunity to acquire a protected-tax-class multifamily asset in the heart of Turtle Bay.? The four-story building comprises nine free-market residential units and offers investors stable income potential in one of Manhattan’s most established and desirable neighborhoods.?
Ideally positioned between Midtown East and the United Nations corridor, the property benefits from excellent accessibility, with convenient access to the 6, E, F, and M subway lines, the M15 bus, and Grand Central Terminal.?
The property includes a 35-foot private rear garden, rooftop deck, private terrace, on-site laundry facilities, a surveillance system, and an active dumbwaiter servicing each floor.? The building also offers significant flexibility, with the potential for conversion to a single-family residence.?
Surrounded by premier dining, shopping, and transportation, 344 East 51st Street combines strong fundamentals, unique lifestyle features, and long-term value in a highly sought-after Manhattan location.?
Contact us for additional information and details.?
344 East 51st Street presents a rare opportunity to acquire a protected-tax-class multifamily asset in the heart of Turtle Bay.? The four-story building comprises nine free-market residential units and offers investors stable income potential in one of Manhattan’s most established and desirable neighborhoods.?
Ideally positioned between Midtown East and the United Nations corridor, the property benefits from excellent accessibility, with convenient access to the 6, E, F, and M subway lines, the M15 bus, and Grand Central Terminal.?
The property includes a 35-foot private rear garden, rooftop deck, private terrace, on-site laundry facilities, a surveillance system, and an active dumbwaiter servicing each floor.? The building also offers significant flexibility, with the potential for conversion to a single-family residence.?
Surrounded by premier dining, shopping, and transportation, 344 East 51st Street combines strong fundamentals, unique lifestyle features, and long-term value in a highly sought-after Manhattan location.?
Contact us for additional information and details.?
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Property Facts
| Price | $5,588,000 | Building Class | C |
| Price Per Unit | $620,889 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 5,803 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Apartment Style | Mid-Rise | ||
| Zoning | R8B - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories. | ||
| Price | $5,588,000 |
| Price Per Unit | $620,889 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,803 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | R8B - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories. |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1343-0134 | Improvements Assessment | $974,937 |
| Land Assessment | $258,423 | Total Assessment | $1,233,360 |
Property Taxes
Parcel Number
1343-0134
Land Assessment
$258,423
Improvements Assessment
$974,937
Total Assessment
$1,233,360
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344 E 51st St
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