308 E 78th St - Apartments FOR SALE


New York, NY 10075- Lenox Hill
$23,650,000 USD
212-230-5998
308 E 78th St, New York, NY for Sale
$23,650,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

308 E 78th St
New York, NY 10075
Lenox Hill


HIGHLIGHTS

  • Fully Renovated Free Market Units
  • Strong In-Place Cash Flow with Upside
  • Stable Retail Tenancy with Rare Venting
  • Boutique Mixed-Use Asset with Scale
  • Prime Upper East Side Location

OVERVIEW

Avison Young, as the exclusive agent, is pleased to present the rare opportunity to acquire 308 East 78th Street (the “Property”), a meticulously renovated six-story mixed-use building with 49 feet of frontage located on the south side of East 78th Street between 1st and 2nd Avenues, in the heart of Manhattan’s highly desirable Upper East Side. The Property spans approximately ±23,770 square feet and consists of thirty-nine (39) total units, including thirty-seven (37) residential apartments and two (2) retail spaces. Of the residential units, twenty-eight (28) are free-market (FM) and nine (9) are rent-stabilized (RS), with layouts featuring one- and two-bedroom configurations.

FOR SALE DETAILS

PRICE

$23,650,000 USD

PRICE/SF

$995 USD /SF

# OF UNITS

37

PRICE/UNIT

$639,189

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,006 SF

ZONING

R8B

APN/PARCEL ID

1452-0047

ASK ABOUT THIS PROPERTY

Brandon PolakoffAvison YoungMore Info
212-230-5998

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Brandon PolakoffAvison YoungMore Info
212-230-5998

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