509 E 87th St - Apartments FOR SALE


New York, NY 10128- Yorkville
$9,200,000 USD
212-951-1041
509 E 87th St, New York, NY for Sale
$9,200,000 USD
Apartments - FOR SALE
1/5
null | 5.65% Cap Rate

509 E 87th St
New York, NY 10128
Yorkville


HIGHLIGHTS

  • Transit Oriented Location
  • Upside Potential
  • Superior Market
  • Exceptional Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of 509 East 87th Street, a ten (10) unit multi-family investment property located in the Upper East Side neighborhood of New York, New York (the “Property”). 509 East 87th Street is a five-story building that contains ten residential units comprised of two (2), 3-Bedroom/2-Bathroom units and eight (8), 4-Bedroom/2-Bathroom units in a 9,396 square foot building on a 0.06- acre parcel. The well-maintained building also features an on-site laundry facility for residents. The Property is situated in an incredible urban infill location in the Upper East Side neighborhood of Manhattan. 509 East 87th Street is between East End Avenue and York Avenue and is seconds from Carl Schurz Park and less than 1-mile from Central Park, the Metropolitan Museum of Art and the Guggenheim Museum. The Property enjoys convenient access to the MTA bus line, several subway stations, the East 90th Street Ferry, and the FDR Drive. The Property enjoys convenient access to area amenities including countless restaurants, retailers, museums, schools, businesses, and service tenants. 509 East 87th Street offers the rare opportunity to acquire a ten (10) unit multi-family asset that is 100% Free Market in one of the country’s best performing real estate markets.

FOR SALE DETAILS

PRICE

$9,200,000 USD

PRICE/SF

$1,015 USD /SF

# OF UNITS

10

PRICE/UNIT

$920,000

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hive

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,517 SF

ZONING

R8B

APN/PARCEL ID

1584-0008

ASK ABOUT THIS PROPERTY

Robert AaronHorvath & TremblayMore Info
212-951-1041

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Robert AaronHorvath & TremblayMore Info
212-951-1041

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