The New York Multifamily team is pleased to exclusively offer for sale 337 East 77th Street, located in the Lenox Hill neighborhood. Located on the North side of 77th Street between Second Avenue and First Avenue, this 15-unit multifamily property is comprised of approximately 8,390 square feet with 25’ of frontage. This property sits on a 25’x102.17’ lot (Block: 1452 and Lot: 16) and is built 67’ deep. The property is zoned R8B. THE OPPORTUNITY • Building Overview: This 5-story multifamily building features 25 feet of frontage on East 77th Street and contains 15 residential apartments. The unit mix consists of 4 studios, 4 one-bedroom apartments, 5 two-bedroom apartments, and 2 three-bedroom apartments. • Newly Renovated with High End Finishes: Apartments contain new oak wood flooring, in unit washer / dryer, built in A/C and heat, Bosch dishwasher, stainless steel and panel covered appliances, spa style bathrooms, natural sunlight, renovated entry and hallways, and video intercom. • 87% Free Market Status: This opportunity is 87% Free Market, giving potential buyers future rental upside and flexibility. Due to the mostly free market status of apartments, a buyer can feel comfortable knowing that they do not need take on burdensome management of many rent regulated apartments. • Desirable Location: Lenox Hill is a highly desirable residential neighborhood. This building is steps away from a variety of restaurants, schools, Lenox Hill Hospital, John Jay Park, and Central Park. • Tax Class Protected: 337 East 77th Street falls under the highly coveted protected tax class: 2B. By law, taxes cannot increase more than 8% year-over-year or 30% over any given 5-year period. This acts as a great hedge against future rising taxes.