11 E 78th St - Apartments FOR SALE


New York, NY 10075- Upper East Side
$10,995,000 USD
516-754-8298
11 E 78th St, New York, NY for Sale
$10,995,000 USD
Apartments - FOR SALE
1/8
null | 3.88% Cap Rate

11 E 78th St
New York, NY 10075
Upper East Side


OVERVIEW

BKREA has been retained on an exclusive basis to arrange for the sale of 11 East 78th Street (“The Property”), a 25’ wide, 6-story elevator building with approximately 11,750 gross square feet. The Property features 16 residential units, including a mix of 1 three bedroom apartment, 8 one-bedroom apartments, and 7 studio apartments. 81% of the units are Free Market with 3 rent stabilized units, offering a compelling opportunity to increase revenue as market rents continue to rise. Ideally situated on the north side of East 78th Street, between Fifth Avenue and Madison Avenue, super close to Central Park and The Metropolitan Museum of Art, making it an attractive location for residents. Ideal for a user buyer interested in occupying the three bedroom penthouse, which features its own washer-dryer and a private outdoor space.

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/SF

$1,335 USD /SF

# OF UNITS

16

PRICE/UNIT

$687,188

CAP RATE

3.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R8B

APN/PARCEL ID

1393-0012

ASK ABOUT THIS PROPERTY

Tom BradyBKREAMore Info
516-754-8298

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Tom BradyBKREAMore Info
516-754-8298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.