344 E 51st St - Apartments FOR SALE


New York, NY 10022- Turtle Bay
$5,588,000 USD
914-980-6932
344 E 51st St, New York, NY for Sale
$5,588,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

344 E 51st St
New York, NY 10022
Turtle Bay


HIGHLIGHTS

  • Protected Tax Class (2B)
  • Well Maintained
  • 100% Occupancy

OVERVIEW

344 East 51st Street | Turtle Bay, Manhattan 344 East 51st Street presents a rare opportunity to acquire a protected-tax-class multifamily asset in the heart of Turtle Bay.? The four-story building comprises nine free-market residential units and offers investors stable income potential in one of Manhattan’s most established and desirable neighborhoods.? Ideally positioned between Midtown East and the United Nations corridor, the property benefits from excellent accessibility, with convenient access to the 6, E, F, and M subway lines, the M15 bus, and Grand Central Terminal.? The property includes a 35-foot private rear garden, rooftop deck, private terrace, on-site laundry facilities, a surveillance system, and an active dumbwaiter servicing each floor.? The building also offers significant flexibility, with the potential for conversion to a single-family residence.? Surrounded by premier dining, shopping, and transportation, 344 East 51st Street combines strong fundamentals, unique lifestyle features, and long-term value in a highly sought-after Manhattan location.? Contact us for additional information and details.?

FOR SALE DETAILS

PRICE

$5,588,000 USD

PRICE/SF

$963 USD /SF

# OF UNITS

9

PRICE/UNIT

$620,889

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,008 SF

ZONING

R8B

APN/PARCEL ID

1343-0134

ASK ABOUT THIS PROPERTY

Jesse KleinCOMPASSMore Info
914-980-6932

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Jesse KleinCOMPASSMore Info
914-980-6932

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