313 E 95th St - Apartments FOR SALE


New York, NY 10128- Yorkville
$11,500,000 USD
908-577-2114
313 E 95th St, New York, NY for Sale
$11,500,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

313 E 95th St
New York, NY 10128
Yorkville


OVERVIEW

JLL has been retained on an exclusive basis to arrange for the sale of 313 East 95th Street, a ~37’ wide, six-story walk-up building 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 approx. 16,902 gross sf above grade with 28 residential units (1 studio, 9 one bedrooms, and 18 two-bedrooms) and 2 commercial spaces. 86% of apartments (24 units) are currently free market and the remaining 4 units rent stabilized. The property features central heating systems distributing steam via cast iron radiators, tenant-provided window air conditioning units, and individually metered electricity. 313 East 95th Street contains 28 residential apartments and two commercial spaces leased to My One and Only Dog Salon through April 2029 and Creative Speech Therapy Medical Clinic through May 2027. When comparing the average in-place rents with the fair market projections, 313 East 95th Street is renting below market. The average studios and one-bedrooms across the building are renting 35% below market. When looking at the blended average across all unit types, the building is renting 28% below market, implying there is embedded upside to be captured by prospective investors.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$774 USD /SF

# OF UNITS

30

PRICE/UNIT

$383,333

CAP RATE

Request Cap Rate

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Yorkville Properties

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

0.09 AC

LAND SF

3,939 SF

ZONING

R8 (C7)

APN/PARCEL ID

1558-0010

ASK ABOUT THIS PROPERTY

908-577-2114

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908-577-2114

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