323 E 90th St Unit 123456, New York, NY 10128

This property offers a reliable source of income with potential for growth!<br><br>Ideal investment opportunity in one of Manhattans established and stable rental markets, this 1915 5-story walk-up building is situated on a serene tree-lined street. The property is currently configured as follows:<br><br>- Total Gross Square Footage: 9,813 (25 feet wide, 70 feet deep)<br>- Lot Size: 25 100.67 feet (Block 01553-0014)<br>- Above Grade: 8,605 square feet<br>- Ground Floor: 1,313 square feet<br>- Available Air Rights: 1,460 square feet<br>- Rear Yard: 750 square feet<br><br>This property is comprised of 12 residential units, 11 of which are free-market rentals. The unit breakdown is as follows:<br><br>- 2 Studios<br>- 2 Duplex 2-Bedroom Units with private access to the rear yard<br>- 8 2-Bedroom Units<br><br>Using the air-right, the top-floor apartments can be converted into duplexes, and the two ground floor duplex units could potentially be converted into four studios, resulting in a projected total of 14 units.<br><br>Building is very well maintained: a new boiler has recently been installed and the roof was renovated in 2017<br><br>323 East 90th Street offers investors the opportunity to acquire a well-maintained multifamily building in a strategically advantageous location. With a strong rental rebound following the COVID-19 pandemic and the potential for value-add development options, there is significant cash flow in place with room for further growth. The projected rent roll is $465,000.<br><br>Conveniently positioned near the Q Line 86th Street subway station on 2nd Avenue, as well as the 4/5/6 subway stations on Lexington Avenue, the property provides easy access to transportation. It is also within close proximity to Carl Schurz Park, Whole Foods, and Central Park.<br><br>The superintendent does not live on-site.<br><br><br><br><br><br>