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313 & 319 East 95th Street 2 Multifamily Properties Offered at $23,750,000 in New York, NY
INVESTMENT HIGHLIGHTS
- 58 Residential Units and 2 Stores Across Both Buildings (43 Free Market and 15 Rent Stabilized) / 74% Free Market
- The blended average rent across all unit types currently sits 30% below the market average, creating significant potential for light value-add
- Two (2) Leased Commercial Units Providing Stable Cash Flow
- Ideal Unit Mix: Six (6) studios, Nineteen (19) one-bedrooms, Thirty-two (32) twobedrooms, and One (1) three-bedroom
- Upper East Side Value Proposition Compared to Competing Manhattan Rental Markets
- Excellent Connectivity via the 4, 5, 6, and Q Trains
EXECUTIVE SUMMARY
JLL has been retained on an exclusive basis to arrange for the sale of 313 & 319 East 95th Street, two ~37’ wide, six-story walk-up buildings located on the north side of East 95th Street between First and Second Avenues in Manhattan’s Upper East Side. 313 East 95th Street comprises approximately 16,902 gross sf above grade with 28 residential units (1 studio, 9 one-bedrooms, and 18 two-bedrooms) and 2 commercial spaces. 319 East 95th Street also contains approximately 16,902 gross sf above grade featuring 30 residential units (5 studios, 10 one-bedrooms, 14 two-bedrooms, and 1 three-bedroom). Combined, the properties total 33,804 gross sf approximately with 58 residential apartments and 2 commercial units, with 74% of apartments (43 units) currently free market and the remaining 15 units rent stabilized. Both properties feature similar infrastructure with central heating systems distributing steam via cast iron radiators, tenant-provided window air conditioning units, and individually metered electricity.
PROPERTY FACTS
| Price | $23,750,000 | Number of Properties | 2 |
| Price / SF | $784.50 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 30,274 SF | |
| Sale Type | Investment | Total Land Area | 0.18 AC |
| Status | Active |
| Price | $23,750,000 |
| Price / SF | $784.50 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 30,274 SF |
| Total Land Area | 0.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 319 E 95th St, New York, NY 10128 | Multifamily | 15,414 SF | 1920 | - |
|
Yorkville Properties
313 E 95th St, New York, NY 10128 |
Multifamily | 14,860 SF | 1920 | - |
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CONTACTS
-
Jonathan Hageman -
Hall Oster -
Clint Olsen -
Teddy Galligan -
Logan Boenning -
Conrad Martin -
Stephen Godnick -
Jacob Russell -
JLL
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313 & 319 East 95th Street
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