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538 E 89th St 10 Unit Apartment Building $6,800,000 ($680,000/Unit) New York, NY 10128
Investment Highlights
- Value-Add Opportunity
- Strong In-Place Cash Flow with Upside
- Rare Upper East Side Location
- Pre-War Character
Executive Summary
Avison Young, as the exclusive agent, is pleased to present a rare value-add opportunity to acquire 538 East 89th Street (the “Property”), a multifamily walk-up building with 25 feet of frontage located on the south side of East 89th Street between York Avenue and East End Avenue, in the heart of Manhattan’s highly desirable Upper East Side.
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Property Facts
| Price | $6,800,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $680,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 10 | Building Size | 11,500 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/1974 |
| Zoning | R8B, New York - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories. | ||
| Price | $6,800,000 |
| Price Per Unit | $680,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 11,500 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1910/1974 |
| Zoning | R8B, New York - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories. |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1585-0034 | Improvements Assessment | $751,590 |
| Land Assessment | $180,450 | Total Assessment | $932,040 |
Property Taxes
Parcel Number
1585-0034
Land Assessment
$180,450
Improvements Assessment
$751,590
Total Assessment
$932,040
Contacts
-
Brandon Polakoff -
Ryan McGuirl -
Eric Karmitz -
Peter Gottsacker -
Reilly Evans -
Avison Young
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538 E 89th St
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