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- LoopNet Team
431 E 87th St
New York, NY 10128
Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- 431 East 87th Street presents the rare opportunity to acquire an entirely market rate.
PROPERTY FACTS
| No. Units | 17 | Lot Size | 0.07 AC |
| Property Type | Multifamily | Building Size | 11,553 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1910/2019 |
| Building Class | B | ||
| Zoning | R8B - Residential | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 11,553 SF |
| No. Stories | 7 |
| Year Built/Renovated | 1910/2019 |
| Zoning | R8B - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Storage Space
- Bicycle Storage
ABOUT 431 E 87TH ST , NEW YORK, NY 10128
Completed in 2019, the 7-story property features 17 apartments that boast condo-style finishes. Each unit comes complete with a washer, dryer, dishwasher, instantaneous hot water heater, and an individual HVAC unit which is desired by tenants and lowers overall expenses. The unit breakdown consists of 6 twobedrooms units, 10 one-bedroom units and 1 studio, which are currently leased for an average of $3,684 ($77/SF) per month. Each of the 6 two-bedroom units has private outdoor space, 4 balcony terraces and 2 roof top terraces for the penthouse units that allow for an incredible 360-degree view of the Upper East Side. Additionally, one of the ground floor duplex units has a large private courtyard, while the remainder of the tenants have access to the building courtyard. Further, the building has dedicated storage space available for an additional $100 per month on each of the 6 floors as well as an oversized garbage room in the cellar that can be repurposed as a larger storage area or bike room.
PROPERTY TAXES
| Parcel Number | 1567-0015 | Improvements Assessment | $1,191,600 |
| Land Assessment | $179,550 | Total Assessment | $1,371,150 |
PROPERTY TAXES
