313 & 319 East 95th Street Multi-Family FOR SALE


New York, NY - Yorkville
$23,750,000 USD
212-812-5995
, New York, NY for Sale
$23,750,000 USD
Multi-Family - FOR SALE
1/13
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313 & 319 East 95th Street
New York, NY
Yorkville


HIGHLIGHTS

  • 58 Residential Units and 2 Stores Across Both Buildings (43 Free Market and 15 Rent Stabilized) / 74% Free Market
  • Ideal Unit Mix: Six (6) studios, Nineteen (19) one-bedrooms, Thirty-two (32) twobedrooms, and One (1) three-bedroom
  • The blended average rent across all unit types currently sits 30% below the market average, creating significant potential for light value-add
  • Upper East Side Value Proposition Compared to Competing Manhattan Rental Markets
  • Two (2) Leased Commercial Units Providing Stable Cash Flow
  • Excellent Connectivity via the 4, 5, 6, and Q Trains

OVERVIEW

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.

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212-812-5995

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212-812-5995

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