MLS® ID: CORC-5703984

306 East 81st Street

Manhattan, New York, 10028

$5,749,000 Active
  • - SQFT
Calling all Investors and Developers!If you are an investor or developer you can be a part of this newly revitalized neighborhood in the heart of the Upper East Side at 81st and Second Avenue a few blocks from the Q train, restaurants, and shops. The subject property is built 15 ft. wide by 45 ft. on a 102.7 ft. lot. It is currently configured as a three unit building with a thriving restaurant on the ground floor and two rental apartments. It is approximately 3,835 SF (500 SF in the basement) with additional development rights of approximately 2500 sq ft. Zoning is R8B. A large terrace of approximately 260 sq ft graces the back of the 1st-floor apartment. The current income is substantial- currently, $256,800. Tenants in the upper two units are in place until 2021. 3.8% cap rate. There are many uses for this property: a single family conversion, mixed-use, live/work with a restaurant, retail or office. The owner is able to close quickly making it a great fit for a 1031 exchange buyer.
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Listing courtesy of The Corcoran Group

Amenities

  • Zip
    10028
  • Office name
    The Corcoran Group
  • Bedrooms
    0
  • Property type
    Commercial and Residential
  • Year built
    1920
  • Agent name
    Carolyn Fox
  • Tax amount
    $ 1753.33
  • Purchase Type
    Active
  • HOA fees
    $ 1753.33
  • Full baths
    0
  • Rent
    No
  • Furnished
    Unfurnished

Location

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