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.