404 E 73rd St - Apartments FOR SALE


New York, NY 10021- Lenox Hill
$7,000,000 USD
917-885-0894
404 E 73rd St, New York, NY for Sale
$7,000,000 USD
Apartments - FOR SALE
1/3
null | 7% Cap Rate

404 E 73rd St
New York, NY 10021
Lenox Hill


HIGHLIGHTS

  • Exceptional Upper East Side Location
  • Strong Income with Immediate Upside
  • Recent Capital Improvements + Low OpEx Structure

OVERVIEW

Marcus & Millichap is pleased to exclusively offer 404 East 73rd Street, a 20-unit mixed-use property located in the Upper East Side’s Lenox Hill neighborhood. The property features 18 one bedroom residential units (14 free-market and 4 rent-stabilized) and 2 ground-floor commercial spaces. With approximately 9,731 square feet, this pre-war walk-up building offers investors an attractive combination of strong in-place income, efficient expenses, and long-term upside.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$588 USD /SF

# OF UNITS

18

PRICE/UNIT

$388,889

CAP RATE

7%

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R8B C1-9

APN/PARCEL ID

1467-0044

ASK ABOUT THIS PROPERTY

Nelson LeeMarcus & MillichapMore Info
917-885-0894

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Nelson LeeMarcus & MillichapMore Info
917-885-0894

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